3 ms·
Not really. What’s the point of a wallet if payments can’t be made to it? Effectively this forces a wallet to be 1) identified, or 2) be effectively lost.
by senorrib 3y ago
Not really. What’s the point of a wallet if payments can’t be made to it? Effectively this forces a wallet to be 1) identified, or 2) be effectively lost.
- littlecranky67 3y agoWell payments can be made, just not anonymous. If you want to receive from those wallets, you have to identify the sender (i.e. ask for ID). There is no mention of a global database where you have to put the ID data, you just have to keep it on your own records.
- roenxi 3y agoYou might have mis-parsed the article headline? I think it should be read "(Anonymous crypto wallets) now illegal in the EU", not "(Anonymous crypto) wallets now illegal in the EU". Ie, you are probably agreeing with the headline. Either way; although I'm sure the EU won't be the last governmental to do this it undermines the pro-EU argument. The upside is they stand up to Apple and force them to use the right sort of charging cable ... and the downside for that is they expect to monitor literally every payment you can make; setting up for some really nasty authoritarianism. One of these things is substantially more consequential than the other.
- chii 3y agoso you ask for ID from the sender, but how do you verify that it is a valid/real ID? If someone wishes to use a fake ID, they could. And then the receiver of the crypto would now be on the hook for the legal repercussions. This makes a chilling effect on this payment method.