“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
In case of Bitcoin, the case for AML measures is even stronger - while small cash payments are absolutely normal and convenient thing in most countries, literally nobody uses BTC for casual purchases due to ridiculous volatility. As we speak, the largest market for BTC transactions is probably ransomware payments, and probably some international money laundering schemes, but tax authorities got pretty good at chasing the latter.
