Europe Plans to Ban Monero by 2027
Just a moment...
The regulation is part of a broader AML framework that includes bank and payment accounts, passbooks and safe-deposit boxes, “crypto-asset accounts allowing anonymisation of transactions,” and “accounts using anonymity-enhancing coins.”
That seems to just ban it from centralized exchanges, which already happened even without this regulation. Or am I wrong here?
Maybe "crypto asset service providers (CASPs)" will include online shops or markets hosted in EU or owned by EU subjects slaves?
I think it also bans any payment gateway from accepting it so businesses who want to support it will have to accept it directly, but even if that's the case all you have to do is swap xmr -> btc to a new wallet and pay with that.
@oldfart @HardenedSteel Also all this brouhaha is over EUCI, a totally private group of self-declared crypto policy experts.
It has no special charter from the EU, is not funded by EU. It is "EU" the way "Federal Express" is federal