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"The text –which was provisionally agreed by Parliament and Council negotiators in June 2022- aims to ensure that crypto transfers, as is the case with any othe

"The text –which was provisionally agreed by Parliament and Council negotiators in June 2022- aims to ensure that crypto transfers, as is the case with any other financial operation, can always be traced and suspicious transactions blocked." Stop lying, nobody believes you. Or are we planning for the future when cash is purposely eliminated?

nitrammm 3y ago
Your comment is confusing, because that's clearly not an attempt to lie.
- wen_1k_btc 3y ago
  My apologies, I will attempt to clarify. Consider the example of cash with the quoted text above. Since institutions lie with impunity, I am taking it upon myself to call out edititorializing lies like the clearly untrue text. Basically the media and fact checkers are asleep at the wheel and not holding institutions accountable.. so that responsibility now falls to the citizenry. Or did you mean that its not an attempt to lie, it's an outright lie?
amanaplanacanal 3y ago
It sounds like they are trying to apply similar rules to what banks already have to do. No more Wild West.
tiedieconderoga 3y ago
What exactly are they supposed to be lying about? I do not understand what you are getting at. Do you not believe that governments want to monitor financial transactions and flag suspicious ones for further investigation? Or do you believe they are not already doing this with other types of electronic financial transactions? And where does cash come into the equation? Sure it's legal and "untraceable", but it's not like you can use a suitcase full of $X00,000 in unreported cash to buy a new house, car, business, etc without raising all kinds of questions from your local revenue agency.
- rad_gruchalski 3y ago
  Well, you can buy a MEP. For example Eva Kaili. Best known for the work on CRA :) https://www.euronews.com/2022/12/12/eu-parliament-vice-president-eva-kaili-in-custody-for-alleged-bags-of-cash-from-qatar https://www.euronews.com/2022/12/12/eu-parliament-vice-presi...
- wen_1k_btc 3y ago
  Please use the example of me spending $1 of cash to buy a bottle of water off of a street vendor. Can the government or regulatory body trace this transaction or block it? They can't? Then the premise is invalid. They're trying to apply the same false premise to crypto.
  - acdha 3y ago
    That doesn’t make any sense – 1€ transactions aren’t blocked because they’re small, just like the text of this rule excludes. If you try to bring 10,000€ in a suitcase to a bank, I’m sure that’d attract just as much attention as your bitcoin would.

nitrammm 3y ago

Your comment is confusing, because that's clearly not an attempt to lie.

wen_1k_btc 3y ago
My apologies, I will attempt to clarify. Consider the example of cash with the quoted text above. Since institutions lie with impunity, I am taking it upon myself to call out edititorializing lies like the clearly untrue text. Basically the media and fact checkers are asleep at the wheel and not holding institutions accountable.. so that responsibility now falls to the citizenry. Or did you mean that its not an attempt to lie, it's an outright lie?

amanaplanacanal 3y ago

It sounds like they are trying to apply similar rules to what banks already have to do. No more Wild West.

tiedieconderoga 3y ago

What exactly are they supposed to be lying about? I do not understand what you are getting at. Do you not believe that governments want to monitor financial transactions and flag suspicious ones for further investigation? Or do you believe they are not already doing this with other types of electronic financial transactions? And where does cash come into the equation? Sure it's legal and "untraceable", but it's not like you can use a suitcase full of $X00,000 in unreported cash to buy a new house, car, business, etc without raising all kinds of questions from your local revenue agency.

rad_gruchalski 3y ago
Well, you can buy a MEP. For example Eva Kaili. Best known for the work on CRA :) https://www.euronews.com/2022/12/12/eu-parliament-vice-president-eva-kaili-in-custody-for-alleged-bags-of-cash-from-qatar https://www.euronews.com/2022/12/12/eu-parliament-vice-presi...
wen_1k_btc 3y ago
Please use the example of me spending $1 of cash to buy a bottle of water off of a street vendor. Can the government or regulatory body trace this transaction or block it? They can't? Then the premise is invalid. They're trying to apply the same false premise to crypto.
- acdha 3y ago
  That doesn’t make any sense – 1€ transactions aren’t blocked because they’re small, just like the text of this rule excludes. If you try to bring 10,000€ in a suitcase to a bank, I’m sure that’d attract just as much attention as your bitcoin would.