Leaked EU Docs Warn Members to Clamp Down on Crypto Mixers | Crypto Craft

  • Leaked EU Docs Warn Members to Clamp Down on Crypto Mixers

    From blockworks.co

    The European Union (EU) is preparing to warn its 27 member states of pending amped-up scrutiny of technologies that power anonymous transactions, such as crypto mixers and privacy wallets. In a final draft for amendments to EU regulation 2015/847 obtained by Blockworks, the governing body outlines pending changes to rules dictating how member states should police the digital asset sector. The document mostly relates to crypto asset service providers (CASPs) — such as exchanges, wallets and staking platforms — and the steps they must take to stamp out money laundering and other illicit activity in line with ... (full story)

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XMR
Oct 4, 2022 10:03pm
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The more governments clampdown, the more watertight and robust the countermeasures of the people will be. This is a lesson from history governments have never bothered to learn. It's not possible suppress people as a whole. The clampdowns will always be lagging and there are always too many smart people that will outsmart the lagging clampdowns.
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Goat
Oct 5, 2022 1:00am
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Quoting XMR
The more governments clampdown, the more watertight and robust the countermeasures of the people will be. This is a lesson from history governments have never bothered to learn. It's not possible suppress people as a whole. The clampdowns will always be lagging and there are always too many smart people that will outsmart the lagging clampdowns.
Well said. The legal gray area sure is a great place for a young risk taker to make his first fortune, as those with something to lose (ie the most capable players) are too scared.
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