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54376954 No.54376954 [Reply] [Original]

EU lawmakers now proposed a law that will impose a limit of €1000 on payments made from self hosted wallets where the payer cannot be identified.
This means compulsory KYC for DeFi, or what do you think guys?

>> No.54377068
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54377068

>>54376954
They are trying all they could do to take away our freedom

>> No.54377128

>make multiple wallets
Wow I'm demoralized

>> No.54377144

>>54376954
At this point regulations are coming onboard and we just have to adjust to it.

>> No.54377150

>>54377128
Not every one have time for this faggot, they should leave it just the way it is

>> No.54377284

>>54377068
We all know that this is coming at some point, so no reason to freak out about it, better to find a solution to it.

>> No.54377447
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54377447

>>54376954
Personally, I do not like the idea of regulation and even oldfags will agree with this because it will just turn crypto into fiat which is what are all trying avoid in the first place, right now cross-border transfer with fiat is so limited and charges a lot but with crypto, through payment options like Utrust it super cheap and charges no extra fee, but with regulation, I think things may change will happen with SEC and Gov been too greedy

>> No.54377462

>>54377144
Asides BTC, ETH and LTC that was identified as commodities every other ones out there are shitcoins.

>> No.54377612
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54377612

>>54377284
There are now projects that are working on identity solutions. The recent one that I saw was allianceblock TIDV which encrypts KYC data, so I think something like that will work

>> No.54377989

>>54376954
Send less than the limit many times, its not that hard.

>> No.54378008

>>54376954
WTF?
Is this for real?

>> No.54378035

>>54376954
how do you implement that? That’s stupid as fuck

>> No.54378041

>>54377612
Trustless identity verification? Indeed that a good one anon.

>> No.54378121

>>54377462
>every other ones out there are shitcoins.

On what basis are you assuming every other coin asides these three are shitcoins?

>> No.54378190

>>54377462
You must be a dumb cunt to make this statement.
Go fucking get low cap project with promising products like DeFi terminal or data tunnel. Pajeet

>> No.54378228

just set up your company in the uk now its not part of those gay rules.

>> No.54378255

>>54378190
you meant to write
>t. Pajeet

>> No.54378291

>>54377462
Another faggot just spoke out of his abundance retard mentality, Just because the US certified some crypto that proves beneficial to them doesn't mean other projects are shit or meme, I know for sure Portugal's central bank licensed Utrust last year, this is one of the projects I consider as the best because IMO it even promotes crypto payment way more than litecoin is doing, so stfu and go back to your grandma basement

>> No.54378300

Everything what the dumb EU is doing is mainly for crypto service providers.

>> No.54378325

>>54377144
Crypto is evolving and with regulations coming it's better to only get on projects that are regulatory compliant like NXRA for long term holds.
We can definitely play with the others for some quick pump and dumps

>> No.54378342

>>54376954
The price of everything limited to E1000. I might buy a Lambo.

>> No.54378372

>>54378325
Indeed project putting up regulatory compliant approach like the TIDV would get easily adopted when regulation takes place.

>> No.54378431

>>54378190
I have heard of the data tunnel anon and I can't wait for I can take advantage of monetization of the data market.

>> No.54378487

>>54377989
That's called structuring and it's a felony.

>> No.54378528

>>54378325
At that point you're basically buying into the CBDC willingy.

>> No.54378548
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54378548

>>54376954
but muh socialist healthcare!

>> No.54378556

>>54378431
The data industry is a multimillion-dollar industry and I'm bullish on projects that are leveraging on it

>> No.54378638

>>54378556
The likes of OCEAN and NXRA should be your first choice when it comes to data.

>> No.54378947

>>54378528
It's different because CBDC doesn't use trustless ID verification

>> No.54378984

>>54378947
What makes you think trustless ID verification will be compliant?

>> No.54379077

>>54377447
FIAT was, is and always will be more anonymous than crypto. Crypto is a public database you retard.

Crypto isnt gonna be LIKE FIAT. It has a lot of different tokenomics which defines the crypto space where as FIAT has unlimited printing.

>> No.54379094

>>54378984
It is because that is what it is built for. Dummy, you should hear the name.

>> No.54379129

>>54378984
Because that is how TIDV is designed. It's designed to be compliant.

>> No.54379145

>>54376954
>€1000 on payments made from self hosted wallets where the payer cannot be identified.
This is a shitmoney for darkweb guys. Let's keep the bankrun coming.

>> No.54379188
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54379188

>>54376954
They accelerate that people don't care about changing their crypto for fiat. Just having crypto will be enough to pay for services.

>> No.54379199

>>54377284
Exactly, this is our reality we just have to be more conscious about our privacy at this point.

>> No.54379226

>>54377144
Regulations only scare DeFi jeets who aren't aware of regulatory tools. XRP already beating SEC with respect to that.

>> No.54379367
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54379367

>>54377462
>ones out there are shitcoins.
When securities anon. Isn't the Congress about to summon Genslar and revive the pronouncement?

>> No.54379399

>>54378008
>Is this for real?
Wake me up from slumber.

>> No.54379465
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54379465

>>54379226
Wait for it pajeet, it is all changing now. It is going to be a win-win thing. Either Polygon gets our back or AllianceBlock keeps it for us.

>> No.54379625

>>54379226
>XRP already beating SEC with respect to that.
The verdict isn't out yet, so you can't be sure XRP is beating SEC, you don't know what SEC has up their sleeves.

>> No.54379889

>>54379625
XRP will bounce back soon. Let the fuders pass away.

>> No.54379929

>>54379226
That's correct. I believe regulation would be a win in the space.

>> No.54380039

>>54379929
It will be a win win only if users have control of their data, and information can be shared in a trustless manner. Using ZK proves. Just like the TIDV.

>> No.54380140

>>54379226
Not only XRP but projects like Quant and Allianceblock are also coming up with regulatory compliant products

>> No.54380367

>>54380039
TIDV will definitely play a major role in the DeFi space since projects are now adopting NexeraID

>> No.54380479

>>54379367
>Isn't the Congress about to summon Genslar and revive the pronouncement?

He is clueless and i would love to see how he defines Securities.

>> No.54380945

>>54378041
Most likely that's what everyone would shift to when KYC finally becomes compulsory for DeFi

>> No.54380959

>>54380140
>No
Their NexeraID is make is making wave now.

>> No.54381087

>>54378638
I'm holding those two and their projects are growing in terms of development and in community size

>> No.54381470

>>54381087
I hold only NXRA from that list. I also have ENJ, and XRP. Who would not want to hold NXRA? their solution is gaining attention,\.

>> No.54381582

>>54378035
DeFi/Dapp services providers will need to implement KYC/AML + Identity verification to access services.

>"but how will they go after a Dapp lul"
You think they don't know where the devs live? You saw what happened to the Tornado Cash devs.

>>54378300
They are providing guidelines while ultimately making crypto fully legal for providers that can meet the standards.

>> No.54381682

>>54378947
CBDCs doesn't that. It's just like your bank account. We shouldn't never dream of having that.

>> No.54381726

>>54380479
>He is clueless and
Also a psycho tht doesn't think rationally. Munger is also among the people against crypto

>> No.54381768

>>54381726
>Also a psycho tht doesn't think rationally. Munger is also among the people against crypto
I bet these are the clowns backing Elizabeth Warren's anti-crypto army in the congress.

>> No.54381786
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54381786

>>54377462
What's ARB and NXRA then?

>> No.54382012

>>54381786
That I show they fud until feasible projects leave them behind. I've got them already. I got the ARB drop and I bought NXRA.

>> No.54382684

>>54382012
Lucky you. I did not get any drop

>> No.54382793

>>54376954
Use Monero to put bags on their heads.

>> No.54383993

>>54382012
ARB airdrop allocation was organized by based bobos. NXRA was airdropped for previous ALBT.

>> No.54384658

>>54383993
I got arb because I have been using them for quite some time now, and I got NXRA because I held ALBT

>> No.54384898

>>54381768

OMG you ruined their master plan!

How did you figure that out? Who helped you?

>> No.54385368

>>54376954
>impose a limit on payments which cannot be controlled from wallets which cannot be identified
alright good luck with that

>> No.54385385

>>54376954
yea
the node keeps running
and the boomers keep seething

>> No.54385400

>>54376954
And how do they expect to impose this limit, considering it's decentralized?