It's disheartening to witness the diminishing essence of decentralization in the crypto space. While I understand the pursuit of security, it's noticeable that centralized entities now dominate every aspect, from exchanges to wallets. Restarting the crypto process seems appealing, especially when strict regulations from top officials threaten the community's freedom.
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto... See more for yourself here (https://news.bitcoin.com/european-banking-authority-launches-new-consultation-on-crypto-travel-rule/).
Your opinion is greatly appreciated.
European Banking Authority Launches New Consultation on Crypto Travel Rule(https://i.imgur.com/xazMQpIm.jpg)
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto... See more for yourself here (https://news.bitcoin.com/european-banking-authority-launches-new-consultation-on-crypto-travel-rule/).
Your opinion is greatly appreciated.
It's disheartening to witness the diminishing essence of decentralization in the crypto space. While I understand the pursuit of security, it's noticeable that centralized entities now dominate every aspect, from exchanges to wallets. Restarting the crypto process seems appealing, especially when strict regulations from top officials threaten the community's freedom.
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto... See more for yourself here (https://news.bitcoin.com/european-banking-authority-launches-new-consultation-on-crypto-travel-rule/).
Your opinion is greatly appreciated.
It's disheartening to witness the diminishing essence of decentralization in the crypto space. While I understand the pursuit of security, it's noticeable that centralized entities now dominate every aspect, from exchanges to wallets. Restarting the crypto process seems appealing, especially when strict regulations from top officials threaten the community's freedom.
The European Banking Authority (EBA) has recently launched a new consultation process concerning implementing the so-called travel rule for cryptocurrency transactions. The institution is seeking feedback on the defined procedures that crypto... See more for yourself here (https://news.bitcoin.com/european-banking-authority-launches-new-consultation-on-crypto-travel-rule/).
Your opinion is greatly appreciated.
This is how I see it as well. They are watching all crypto users traveling from place to place, it's not safe anymore traveling when you are a big name in crypto where they know who you are, you are likely be required to declare your BTC holdings as they may be implementing border laws.
As of this time, the law I think only allow people to move outside border bringing 10k USD. So there might be a law for this in crypto.
And have an electrum wallet with some coins in it. go to a new country open a laptop ,then put in an electrum wallet give it your seed and boom you have access to some of your coins.
I have large accounts on line.
ebay
bitcointalk
altcoinstalks
macrumors
evga.
There are thousands of posts I made.
thousands of pms.
I have a lot of email accounts with tens of thousands of emails.
I certainly can hide a 12 seed plus 1 for an electrum wallet.
I don’t need to bring any pc with me. or even a smart phone.
I buy a laptop say in the UK
I load electrum and open a wallet.
I never carried the coins into the country.
Technically my coins are in any country that has internet technology.
the laws hurt free normal coin people. villians will do what I say and move the coins without issue.