> In a recent regulatory development, cryptocurrency payments of any size using unidentified self-custody crypto wallets are now illegal in the European Union (EU).
Payments are illegal (not wallets), and only if the sender/receivers are not identified (that is, you can ask for identification before transfers from those wallets are made).
What exactly do you believe is the point of a crypto wallet?
> only if the sender/receivers are not identified
What do you think “anonymous” means?
I ask because I’m genuinely confused as to how anything you just said contradicts the title
For 99% of users? Speculative investment into pump-and-dump schemes.
https://twitter.com/echo_pbreyer/status/1770853123633877233
Edit: I think this guy, which mind you is a member of parliament, just confused hosted with self-hosted. We're so fucked
I think it should be read "(Anonymous crypto wallets) now illegal in the EU", not "(Anonymous crypto) wallets now illegal in the EU". Ie, you are probably agreeing with the headline.
Either way; although I'm sure the EU won't be the last governmental to do this it undermines the pro-EU argument. The upside is they stand up to Apple and force them to use the right sort of charging cable ... and the downside for that is they expect to monitor literally every payment you can make; setting up for some really nasty authoritarianism. One of these things is substantially more consequential than the other.
If someone wishes to use a fake ID, they could. And then the receiver of the crypto would now be on the hook for the legal repercussions. This makes a chilling effect on this payment method.