makeasnekMar 21, 2024

EU moving towards total monetary surveillance and banning all anonymous payments

https://lemmy.ml/post/13481220

EU moving towards total monetary surveillance and banning all anonymous payments - Lemmy

How to contact your MEP: https://www.europarl.europa.eu/portal/en/contact [https://www.europarl.europa.eu/portal/en/contact] Source: https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp [https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp]

Show threadshortwavesurferMar 21, 2024
So, Europe limiting people’s freedom, even more. Why am I not surprised? Use Monero and build the circular economy. Give the middle finger to these clowns. People in the US need to do the same thing because we are headed down the same path. That’s why I always suggest if you have Monero not turning it back into Fiat ever.
Show threadsugar_in_your_tea
You obviously didn’t read it. This is specifically targeting businesses, not individuals, so you’ll still be able to use Monero and whatnot to buy stuff from companies, they just need to have their crypto wallets at a custodian (presumably for tax transparency). Likewise with cash transactions, large transactions are rare and unnecessary between businesses.
Mar 21, 2024 at 11:22pmWeb
Show threadadminMar 22, 2024
If that is actually the case, the crypto portion is at least not that bad. The 10k limit on cash transactions is just not feasible in some industries though.
Show threadszczuroarturoMar 22, 2024
Yeach im most worried about used car market. Thats the only place that i know of where large amounts of cash is exchanged most often.
Show threadsugar_in_your_teaMar 22, 2024

I’m pretty sure this is business to business, not customer to business. So you could still buy that €11k car, the bank would just need to deposit it instead of handing that €11k to the wholesaler in cash (they’d need to use a bank transfer for that).

I could be wrong though, it just depends on what “business transactions” means. Is it only B2B, or B2C counts too?

Show threadpedroaperoMar 22, 2024
I think that by «hosted» they mean custodian.