That's quite the radical turnaround atop of an already ludicrous proposal, better make sure you have shocking reasons for it so no one dares question it. "Well you see, transfers for terrorists financing and images/videos of child abuse are in the 100 Euro range which of course is far less than 1000 Euros so we are doing this for everyone's well being. What about privacy you ask? Like, what are you a terrorist or child sex trafficker?"

Translation: We want to know every single sat you have and from which wallets you got them from, so we can reverse trace the transactions back to where all your other wallets are and everyone you ever transferred to and from.

What will this mean in practice if actually implemented this way? It would mean centralized exchanges, which in certain EU member(read; victim) states now do not even have a withdraw function and solely allow you to withdraw even a single XLM only after separately verifying that the address you want to withdraw to, belongs to you by sending them screen recordings of you logging in the external address along with additional ID verification, now have to do the same for deposits and thus as a default disable the deposit option as well. Well, maybe not, maybe they will keep the deposit addresses visible and when you make the mistake of depositing there have to jump through all their hoops and expose your private non-custodial wallets before you can access your own funds.

So where did this level of totalitarianism suddenly come from? Remember a while back when the Netherlands was the first country to implement the law that exchanges had to keep a centralized database of all the addresses their users send/received crypto from and one year after that introduced a bill trying to monitor all Euro bank transfers higher than 100 Euro? That, along with this proposal last year and voila, the f**kery has arrived. At least now you know why they are so anti-Tornado Cash and almost threw Pertsev into the same dungeon as Assange. "North Korean hackers" my ***, what's the point of doing all this work and tracing every single address like a madman if one can just mix their crypto and send it to a third/new wallet and then send it to the centralized exchange right?

Binance in all this is like that annoying kid in class who always raises their hand to answer every teacher question and snitches on anyone who didn't do their homework. They enthusiastically claimed to be ready for these new regulations within a year. But that we covered already, CZ is the antichrist when it comes to decentralization and non-custodial. Ahh yes, the good ol' self custody wallets. Used Metamask or a hardware wallet to store your crypto or connect to DEXes and conduct your trades privately? Oh no you didn't. Hold on there boi, staking, providing liquidity and earning interest with your private wallet? Don't you know those things are forbidden as a free and democratic citizen? Ohhh so your wallet also staked some Torn huh?😨 Looks like Pertsev will be getting a new cellmate. "Wait, I thought all these rules were meant to catch terrorists or child predators"?

This is interesting to consider though. Remember the numerous old whale wallets from the Satoshi era that suddenly sprung to life last week sending out BTC and ETH for the first time in a decade just days before these regulations were announced? Makes you wonder no?🤔