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Trading privacy coins is set to banned in the EU as from 2027. Not sure how easy it will be to circumvent this rule. https://bitcoinblog.de/2025/05/05/eu-to-ba

by stef25 11mo ago

Trading privacy coins is set to banned in the EU as from 2027. Not sure how easy it will be to circumvent this rule. https://bitcoinblog.de/2025/05/05/eu-to-ban-trading-of-privacy-coins-from-2027/ https://bitcoinblog.de/2025/05/05/eu-to-ban-trading-of-priva...

sph 11mo ago
This will initially go the same way as the porn ban that's being enacted all over Europe — VPN usage will skyrocket, people will still do whatever they want. Then they will have to resort to the only other alternative: require a government ID and static IP allocation to access to the internet, for complete surveillance and traceability. You know it's coming.
- mothballed 11mo ago
  A lot of people have bought real, legal, government IDs from places like Palau[] which sell them for like $300 and no crime is committed by doing so. [] https://rns.id/app/palauidinfo https://rns.id/app/palauidinfo
  - csomar 11mo ago
    I guess what the parent is saying is that every user will be issued a private/public key pair to be able to access the internet. You can, maybe, buy one. But it’ll be easy for the gov. to ban it.
- torlok 11mo ago
  "All over Europe" meaning UK, France, and Italy.
  - sph 11mo ago
    If you think it’s gonna be limited to those three you haven’t been paying attention.
- epolanski 11mo ago
  Nobody cares about privacy coins but criminals. There's 0 real world cases for them except some extremely far fetched ones.
csomar 11mo ago
Europe lost on crypto. There are only users but no infra. providers based in Europe (and even the UK). So my guess is that this will do very little to nothing.
elcritch 11mo ago
The US already cracked down on mixer Tornado Cash [1]. Wouldn’t surprise me if they (try to) follow suit on privacy coins as well. There’s a chance there’s enough political influence by libertarian/crypto folks in the US to push back though. On the other hand, the transparency of bitcoin could be a boon in ways as well. Currently only governments, large banks, some multinationals can track large transfers of money. Bitcoin levels the playing field and enables internet sleuths to uncover government or corporate corruption. 1: https://home.treasury.gov/news/press-releases/jy0916 https://home.treasury.gov/news/press-releases/jy0916
- mothballed 11mo ago
  Old news, that's been reversed and Tornado cash is back off the sanctions list. https://home.treasury.gov/news/press-releases/sb0057 https://home.treasury.gov/news/press-releases/sb0057
  - overfeed 11mo ago
    A reversal is indistinguishable from a scenario where Tornado was turned and is now cooperating with US LEO. Hypothetically, of course - US prosecutors wouldn't use this tactic to go after bigger fish.
DANmode 11mo ago
Paper wallets, so, trivial?

by stef25 11mo ago

sph 11mo ago

This will initially go the same way as the porn ban that's being enacted all over Europe — VPN usage will skyrocket, people will still do whatever they want. Then they will have to resort to the only other alternative: require a government ID and static IP allocation to access to the internet, for complete surveillance and traceability. You know it's coming.

mothballed 11mo ago
A lot of people have bought real, legal, government IDs from places like Palau[] which sell them for like $300 and no crime is committed by doing so. [] https://rns.id/app/palauidinfo https://rns.id/app/palauidinfo
- csomar 11mo ago
  I guess what the parent is saying is that every user will be issued a private/public key pair to be able to access the internet. You can, maybe, buy one. But it’ll be easy for the gov. to ban it.
torlok 11mo ago
"All over Europe" meaning UK, France, and Italy.
- sph 11mo ago
  If you think it’s gonna be limited to those three you haven’t been paying attention.
epolanski 11mo ago
Nobody cares about privacy coins but criminals. There's 0 real world cases for them except some extremely far fetched ones.

csomar 11mo ago

Europe lost on crypto. There are only users but no infra. providers based in Europe (and even the UK). So my guess is that this will do very little to nothing.

elcritch 11mo ago

The US already cracked down on mixer Tornado Cash [1]. Wouldn’t surprise me if they (try to) follow suit on privacy coins as well. There’s a chance there’s enough political influence by libertarian/crypto folks in the US to push back though. On the other hand, the transparency of bitcoin could be a boon in ways as well. Currently only governments, large banks, some multinationals can track large transfers of money. Bitcoin levels the playing field and enables internet sleuths to uncover government or corporate corruption. 1: https://home.treasury.gov/news/press-releases/jy0916 https://home.treasury.gov/news/press-releases/jy0916

mothballed 11mo ago
Old news, that's been reversed and Tornado cash is back off the sanctions list. https://home.treasury.gov/news/press-releases/sb0057 https://home.treasury.gov/news/press-releases/sb0057
- overfeed 11mo ago
  A reversal is indistinguishable from a scenario where Tornado was turned and is now cooperating with US LEO. Hypothetically, of course - US prosecutors wouldn't use this tactic to go after bigger fish.

DANmode 11mo ago

Paper wallets, so, trivial?