Abuse on Bitcoin – Decidedly, theEuropean Union wants to be at the forefront of regulatory restrictions concerning the sector Bitcoin (BTC) and cryptocurrencies. As if the already very problematic MiCA regulation was not enough, here is another new restrictions. The EU wants to ban you from paying more than €1,000 in crypto under the guise of “fight against money laundering”.
A desire for deliberate destruction of the crypto space?
THE european parliamentarians work tirelessly, day and night, to destroy the crypto sector of the Old Continent. At some point, the words have to be said. The regulations seem to want to work on choke to death groundbreaking innovations brought by Bitcoin and decentralized cryptocurrencies. At least in EU countries.
The latest attack on European Parliament against cryptocurrencies is notably reported to us by CoinDesk. MEPs from the Economy Committee and those of the Civil Liberties Commission (yes, it has to be done) therefore voted in favor of the ban transactions greater than €1,000 in cryptos.
The deputy Damien Lent (The Greens) clarifies that this ban does not apply to transactions with a wallet provider regulated. The latter being subject to a identity verification (KYC) complete and detailed user. And yes, our dear deputies come from destroy the very foundation of peer-to-peer exchange of Bitcoin wanted by Satoshi Nakamoto.
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The users ” unverified of cryptocurrency will not have the right to exceed 1,000 euros in payments. This within the framework of a liberticidal revision of the laws on the money laundering. Under this pretext which paves the Hell of good intentions, it is all the transactions in cash which are in fact targeted. Because yes, our precious cryptos are perceived as cash, digital version. In fact, the exchanges between private wallets can not not be easily tracedas with traditional banking transactions.
A new agency Anti-Money Laundering Union (AMLA) is therefore about to be created. Its goal ? Complete cash, in all its forms. As CoinDesk reports, 99 European parliamentarians voted For this arbitrary limit of 1000 euros. While only eight voted against.
A new violation of privacy and freedom of exchange, forcing in addition to go through an intermediary again who will have to verify and guarantee identity senders and receivers of a crypto transaction.
However, it is highly unlikely that banks like Societe Generale, BNP Paribas, HSBC, Natixis, accused of tax fraudhave used cryptocurrencies or cash to realize their “ aggravated bleaching » for which they have just been searched this March 28, 2023. But kill bitcoin’s fledgling sector clearly seems more important than finally cleaning up the aging and rickety traditional banking system.
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