571

EU moving towards total monetary surveillance and banning all anonymous payments(lemmy.ml)

posted
*
by
Avatar
makeasnek@lemmy.ml
in
Avatar
privacy@lemmy.ml
152 comments
hidereport
Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
sugar_in_your_tea@sh.itjust.works
5 points
*

so any business which accept crypto must KYC every one of their customers

No, any business must use a KYC custodian for their wallets. I don’t think they’ll need to KYC their customers, they’ll just need to account for those transactions in their accounting.

So if the company accepts Monero, the Monero wallet would need to be with a custodian, but you’d be free to use Monero to buy stuff and remain anonymous. At least that’s my read.

permalink
report
parent
reply

Privacy

!privacy@lemmy.ml

Create post

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

  • Posting a link to a website containing tracking isn’t great, if contents of the website are behind a paywall maybe copy them into the post
  • Don’t promote proprietary software
  • Try to keep things on topic
  • If you have a question, please try searching for previous discussions, maybe it has already been answered
  • Reposts are fine, but should have at least a couple of weeks in between so that the post can reach a new audience
  • Be nice :)

Related communities

Chat rooms

much thanks to @gary_host_laptop for the logo design :)

Community stats

  • 3.9K

    Monthly active users

  • 3K

    Posts

  • 78K

    Comments

Community moderators