Why are they talking about the EU "scrapping ban on $1,000+ self-custody wallet transactions" like that's even an option?

By LeftFooted | bitcoinea | 26 Mar 2024


I happened upon a headline that I found a bit annoying.


"EU scraps ban on $1,000+ transactions via self-custody wallets," the headline read.


I find it annoying because, to me at least, it sort of feels like it's implied that was even an option to begin with.


Like the EU said, "hey look at us, we're so nice we're not even banning these transactions".


But they can't, that's the key takeaway here.


No one can.


It appears to me that users and institutions alike occasionally forget that, but a lot of what can or can't be done with crypto is binary.


Either you can or you can't. Either it happened or it didn't. Sometimes, there's no opinion.


No one, ever, can stop you from sending funds from A to B if A is a self-custody wallet and B is a self-custody wallet.


Not unless they can shut down the internet, for everyone, and forever.


So if they say they can, it's either malice or propaganda.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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