EU moving towards total monetary surveillance and banning all anonymous payments
EU moving towards total monetary surveillance and banning all anonymous payments
Clickbait headline. The underlying article lists much more reasonable restrictions:
- Anonymous cash payments over €3,000 will be banned in commercial transactions
- Cash payments over €10,000 will even be completely banned in business transactions
- Anonymous payments in cryptocurrencies to wallets operated by providers will be prohibited
So non-commercial transations are fine, as are crypto transactions to non-custodial wallets.
OP, your post is a mess.
- It's not "total monetary surveillance," it's limited to cryptocurrency and high (>$11,000) cash payments.
- You shouldn't encourage people to contact the EU before showing them what's actually happening
- Your Snort post doesn't work on my browser and it's a pretty bad social network anyway.
For people who are looking for actual info:
https://www.dw.com/en/eu-seeks-cash-payment-limit-tougher-money-laundering-rules/a-68024075
https://finbold.com/anonymous-crypto-wallets-now-illegal-in-the-eu/
Or the source OP was using:
(ETA better info and links)
This doesn't seem that much worse than American rules that have already been in place for a long, long time.
As it is, large payments or withdrawals must be reported to federal agencies, anything over $10k. This applies to cash transactions as well and the forms the IRS requires you to fill in a $10k+ cash transaction can be found here.
The biggest difference would be the impact on cash transactions and crypto transactions in the EU.
I'm pro-privacy, but a lot more crypto facilitates crime than not, so I don't really know why people would be shocked that governments would attack crypto specifically here (literally almost all ransomware uses crypto). Looks like way more of a crackdown on crypto than cash, but maybe that's just me. (On top of the fact that a lot of crypto isn't privacy-oriented. Looking at you, Bitcoin)
Related: https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-600-transactions-irs-rcna11260
Two years ago USA put in rules for commercial digital transfers over $600 to be reported. Just pointing out that the EU's rules don't seem particularly draconian when weighed against already existing rules elsewhere.
This thread is a dumpster fire. Can someone explain to me why i should be concerned about the tracking of payments that as an average person will not happen outside of buying huge stuff like a car? While no one is forced to answer me i would like you to refrain from vague statements like "this is attacking your privacy", because i am interested in how. If you think its obvious feel free to ignore.
I think the biggest point that i could see being a problem is the crypto stuff because i once made a anonymous donation via monero (that because i was concerned but the target needed privacy). It was about 30€ or something. Would that be illegal under the new guidelines? And if so, why would i care, since it is supposed to be anonymous.
I think people should create new and stronger communities to fight stuff like that
Topics, groups, etc, where people discuss and organize system fighting
It's OK to be an outlaw.
that nostr link doesn't load for me but this is the url that the post in the screenshot is ultimately linking to: https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/
This feels like satire
How do you even ban anonymous crypto? It's anonymous 😅
Wtfff
creepy
Are you seriously suggesting me to contact my MEP based on the clickbait title you've written? Wow.
Would it make sense to have #CashAwarenessMonth? https://lemmy.ml/post/7968927
Pretty sure corruption isn't using wire transfer 🫢 Comes in physical form that can't be tracked