08-22 09:43 - 'Bitcoin doesn’t need stupid EU regulators fucking it up, learn from history the European Union already has one country “Britain” heading for the exit over stupid Laws sanctioned by Brussels, it’s falling apart and IMO...' by /u/whenthefogclears2 removed from /r/Bitcoin within 7-17min
''' Bitcoin doesn’t need stupid EU regulators fucking it up, learn from history the European Union already has one country “Britain” heading for the exit over stupid Laws sanctioned by Brussels, it’s falling apart and IMO more countries will follow. No one cares about Germany. [link]1 If you’re deluded enough to believe regulations of for protecting people’s private keys I find that really funny, IMO it’s more about giving banks the power back and putting off innovation with “RED TAPE” that’s what Europeans do. ''' Context Link Go1dfish undelete link unreddit undelete link Author: whenthefogclears2 1: w*w.ne*sbtc.*om/20****5*10/ge*m*ny-c**tral*ba*k-bitcoin-p*rc*ase/ Unknown links are censored to prevent spreading illicit content.
Tl;dr - Bitvavo, a European exchange, removed Monero due to AML5 regulations. I'm afraid more will follow suit. How do you feel about privacy coins' future? I've recently been looking into regulatory developments around cryptocurrencies. Europe's latest development in this regard is AML5 - the 5th Anti Money Laundering directive. I'd recommend Googling what it's about to get more context, but what the AML5 directive means in short is:
The law requires all customers to be registered and non-verified transactions using cryptocurrency will have to stay under the value of €150.
Non-verified online payments can be made up to an amont of €50 and the use of anonymous prepaid-cards is harshly restricted
Trading platforms can no longer allow anonymous transactions, as this is not compliant with AML5. They have to register every user and keep track of suspicious activities.
For users from "high-risk"countries elaborate background checks may be needed to find out their financial intentions.
What does this mean for a payment crypto whose unique selling point is its complete privacy? Well, when I asked Bitvavo about it they answered me that they've removed Monero from their product listing as, due to the new AML5 regulations coming into force, they can no longer comply with these regulations and allow trading in/depositing/withdrawing Monero. Bitvavo is a crypto exchange that is recommend often as being a good European exchange to trade on, and I can personally attest to the fact that it's pretty great. Them delisting Monero could be seen as a knock to their reputation, but it also calls into question to what extent other European exchanges can keep offering Monero. This makes me wonder: how do Monero holders, and (privacy) payment currency enthusiasts in general, feel about this? Do you expect Monero (or other privacy crypto) to become more broadly delisted? If so, do you think this will affect the price negatively (because there's far less liquidity) or positively because it strenghtens the story of how Monero allows you to escape laws and regulations? Would love to hear opinions. Edit: just would like to clear up: I'm NOT recommending Bitvavo. I'm actually unhappy about Monero not being offered anymore.
#cryptoxygen - The first the European is regulated the platform of exchange of cryptocurrency of the complete solutions integrated directly into more than 1 million laptops and tablets a year. #bitcoins #trader #bitcoinnews #investor #cryptoxygen
#cryptoxygencoin - the first the European is regulated the platform of exchange of cryptocurrency of the complete solutions integrated directly into more than 1 million laptops and tablets a year. #bitcoins #trader #bitcoinnews #investor #cryptoxygen
The regulation of virtual currencies is also on the agenda of the finance ministers and central bank heads of the G20 countries. Since the creation of the Bitcoin network, the Internet for virtual currencies (VC) and block-chain technology has grown rapidly. In the public system, the fastest participants with the appropriate knowledge and ... The European Central Bank has classified Bitcoin as a ‘convertible decentralized virtual currency’. The European Banking Authority (EBA) has advised European banks not to trade in any cryptocurrencies until a regulatory regime was put in place. In 2016, the European Parliament agreed to set up a taskforce to monitor cryptocurrencies with a view to combating money laundering and terrorism ... Bitcoin: market, economics and regulation Members' Research Service 11/04/2014 140793REV1 Page 2 of 9 Glossary Bitcoin: Term used when describing the entire Bitcoin concept or network. bitcoin: Term used to describe a unit of Bitcoin currency. Cryptocurrency: A digital, virtual or electronic currency that uses cryptography for security. Fiat currency: Money declared by a government to be legal ... The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook ... The primary purpose is to describe the facts for cryptocurrency and the regulation of cryptocurrency like bitcoin in Europe, which is such the most prominent place to live. Europe is making a lot of progress in every walk of life, and the same is the case with cryptocurrencies. It is trying for more useful ways to regulate the cryptocurrency. In the next section, you will learn about the ...
Marek Palatinus, Trezor - The European Bitcoin Convention -- 2013 Amsterdam
Marek Palatinus, Trezor - The European Bitcoin Convention -- 2013 Amsterdam Recorded By IamSatoshi http://www.iamsatoshi.com/liberty-haze-european-bitcoin-co... SUBSCRIBE ! for videos on finance, making money, how to invest and creative ways to acquire passive income ! After 10+ years of investing and saving, I'm here to pass the knowledge onto you ! Ways ... Experts discuss cryptocurrency regulations in and outside of Europe, featuring: Ivars Zukovskis, CCO of bitFlyer Europe (Luxemburg) Raido Saar, Compliance Officer & Co-CEO at Piixpay crypto-to ... Remove all; Disconnect; The next video is starting Rick McDonell, Executive Director, Association of Certified Anti-Money Laundering Specialists (ACAMS), Paris. / For the premium version, please visit http://...