I just sent an anonymous payment for my phone bill that confirmed 15 minutes ago - https://mempool.space/tx/bc1d47736e2c9cecff996efb191406ac40c96b858170941c0f9b40cb5e04875b

AND I'M GONNA DO IT AGAIN NEXT MONTH TOO 

The press was release on January 18, 2024, but it's become popular recently.

In this press, they're put attention with cryptocurrency transactions that only worth 1K Euros instead of 3K Euros. It's really a problem for people who have a lot Bitcoins and want to protect their privacy.

So, OP what are you expecting their motive with the ETF's they just want to accumulate the maximum supply here in my view to suppress the market and eliminate the concept of self-custody again with their shity tactics.

I'm super curious why retail investors trust ETFs to buy Bitcoins for them when they can interact with the market themselves and can have a better value compared to the ETF's so-called service.

At the same time, it's sad to hear but fortunately, we are not facing any such situations for now except for the corrupt officers of the FBR, they demand data from the centralized exchanges and track down the users to take advantage of them by using that data to blackmail them, as still there's no clear stand of Paksitani government on the crypto market.

Have cryptocurrency payments ever been anonymous? This now means that I will not be able to pay for a sandwich and a coffee with Bitcoin until the seller checks me in the system, because actually the geniuses in power want to say that we are some kind of criminals, I guess?

However, Bitcoin exists to bypass such nonsense, because all their bans are worthless if you have a non-custodial wallet and send coins to someone who has the same wallet. First they fought against crypto mining, then they discovered that there is practically no such thing in the EU, and now they want to scare people from using Bitcoin - what's next, hunting Bitcoiners and burning them like witches in the Middle Ages?

They target stores, digital stores, exchanges, and decentralized exchanges.
I don't know if the wallets will be in the same category, meaning that you need to complete identity verification to get a $10,000 transaction for your wallet, but their current focus will be on banning decentralized exchanges.

yes, they can target centralized, public elements. But they cannot really target the decentralized, anonymous ones. How would they stop a decentralized p2p marketplace, for example? Or even a DEX? There is no core control element for them to target and intimidate into following their orders.



Bitcoin is not anonymous (by its nature of being a literal public ledger). It is private. People tend to confuse anonymity with privacy, and it is not the same thing. However there exist ways of making Bitcoin anonymous, if need be.

But does this mean ANY amount is now banned if it's done through a private self custody wallet? because they are talking about limits on cash transactions (which they lowered from 3k to 1k as far as I can tell) but they do not talk about any limits on crypto transactions, so the way I see it is that ANY amount is now banned, and only basically institutions and registered businesses can legally transact?

Wouldn't this basically mean that people with crypto that have it in self custody cannot sell? since the transaction to the exchange would be illegal. Now that's funny.

This is looking more and more like 1984 scenario.
I said it before but they are going to make more and more crazy rules and regulations in the next few years, and you all need to realize that we are in the middle of the war, and they are trying to make us fight each other.

Do not celebrate too early because this is coming world wide soon.  I thought United States law about Cryptocurrencies was very diabolic years ago.  Now it is coming to Europe.  Maybe in an even worse version.

It will be like this in big countries at least.  Smaller countries will make an effort to profit off this by letting us continue paying anonymously and making Know Your Customer NON mandatory.

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Unfortunately this is very real and very true.  Who ever thinks this is just imaginary should take three steps back and look at the picture of the world again.

I would be very ironic and funny if in the end these kinds of laws being applied in the European Union and in the United States, in the end convinced people to move most of their money to non-custodial wallets, instead using their exchanges to manage their money and carry out transactions. If so, what would the European Union and the USA do? Since we are talking about free software/open source, it would be very difficult for anyone to police people downloading wallets of their phones and computers. I still believe this could be about preparing the path for the incoming Digital Euro to be launched and becoming widespread with little resistance from Bitcoin and alternative currencies. Afterall, if they are all about replacing paper with electronic money, the restrictions on electronic money will be lighter than those applied to crypto.

Also, it is easy to say that those who live in the EU and happen to be holders of Bitcoin are unfortunate, but living in Europa has other advantages which may or may not be related to Bitcoin and alternative currencies.