Every time they want to restrict your freedom, they use money laundering and terrorism financing as an excuse.
The traceability rules are intended to curb the use of crypto for money laundering and terrorism financing by bringing in compliance requirements for crypto service providers
I see cryptos as lacking a fundamental thing that can make them practically usable as anything more than a money sink, but I’m not fundamentally opposed to the idea of cryptos.
Of course we will see States going off to try to make them even less practical by fiat…
I believe all transactions should be private by default. If I give you a quarter, government cannot track that transaction. Crypto should be no different.
Then use Monero, or stick to cash
“Every time they want to restrict your freedom, they use money laundering and terrorism financing as an excuse.” Money laundering is what 9% of crypto is used for, the other 90% is scamming. The minority 1% is people buying and selling it like an asset.
