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Bitcoin News & Updates / Re: EU is set to delagalise decentralised mixers
« Last post by Lucius on Today at 02:37:48 PM »EU so quickly follow US action this time. I also wonder what counts as "tools that enable anonymity" in eyes of EU. Without clear definition, wallet which support using Tor connection could be covered.
The EU has been preparing for this for some time, but considering that such laws must go through the approval procedure in as many as 27 parliaments of national states, it is clear that it takes a very long time. Apart from that slowness or perhaps inefficiency, the EU is not much different from the US, which continues to have a strong influence on European policies.
All that they are doing will probably discourage part of the users who will give up investing in cryptocurrencies, while the rest will be treated as potential criminals in every transaction they want to make.
Or at least they want force people to invest on cryptocurrency through 3rd party. After all, Bitcoin ETF already exist on some Europe country.
The goal is to make investing in cryptocurrencies more difficult because everyone will have to undergo much more rigorous controls, which is not pleasant for anyone. However, it remains to be seen how all EU member states will react to this law, because even though there are laws that prevent money laundering through cryptocurrencies, not all member states apply them in the same way.