“A blow to Bitcoin? Europe plans to ban anonymous crypto wallets”
Wait until they find out that people can pay in cash for things… https://www.zdnet.com/article/bitcoin-transactions-could-become-easier-to-trace-as-europe-plans-to-ban-anonymous-crypto-wallets/
Have you tried buying a house or even a car for cash recently? 🤔
Cash payments for anything more than a bag of potatoes have been subject to KYC and general scrutiny by banks since like forever, in the UK and EU and everywhere. Main reason for that is kind of obvious: cash has been the driver of tax evasion and black market like forever too. Can't really think of a legitimate purchase today where you'd be paying 10k... in cash.
@kravietz
Probably many think in the similar way.
They also claim #Ihavenothingtohide.
I use cards only to withdraw money from ATM and to buy e.g airline tickets or very rare to buy something online.
I often even give a deposit in cash at hotels. If venues don't accept cash I go to other places. Is it tax evasion?
@rysiek @neil
The KYC and AML measures don't prevent you from paying with cash for things, even in large sums, but they require that parties involved - sales agents, banks, solicitors etc - verify that you can convincingly document that the cash is a legitimate income.
Also, if you do buy expensive things for cash - such as cars and houses - the seller will be at risk of being paid with counterfeit bank notes. That's another reason to avoid cash.
