European Union made the Anonymous Wallets a Crime

European Union made the Anonymous Wallets a Crime

By Novasky | DevPress | 23 Mar 2024


Western media has a habit to blame and tarnish images of the 2nd and 3rd world nation. And they are using their INDEX and the journalism to improve their own image. Now going by that logic EU recently did the self foul by making the move against the decentralization. This is like going back in the era of 10 year back times for the crypto.

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It's ironic to see that EU has a strong press that criticizes every other nation. They doubt the growth of african, asian nations. But in their own world they are being like hitler type of the world. Where they are removing the freedom of the people. This goes to show that what you see on web and what happens in the govt offices in such nations is definitely different. 

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Look at some of the rules. Cash transactions of 3K EURO and onwards would be banned if it is anonymous. And if the cash payments are 10K EU or more they are going to be completely banned. In short they are turning anonymous payments in the IBAN, SWIFT and the local payments like banks did for years. And that is one of the bad change they are happening with the consumer side. It's sad to see how this would impact the future of crypto investors into the nation. 

This is a start of the new downfall for the EU. And it's not crypto anymore but open FIAT future ahead for them. 

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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