In mid-2020, at the beginning of the pandemic that no one would believe is getting where it is, the BLOX exchange that will receive authorization to operate in the Netherlands, becoming the first platform to do so, finally finished fulfilling all the clauses of AMLD5, since the Netherlands complied with this anti-corruption directive in early 2020.
The news ends up opening loopholes, since 2020, by the way, for the ban on bitcoin operations by European central banks - according to Laguarde, president of the European common central bank, in February 2021.
In fact, blocking the use of cryptocurrencies has been systematically circumvented by several countries such as France, Germany, Portugal and even Italy.
This blockade exists because of the fear - not unfounded - that cryptocurrencies are financing everything from terrorists to human trafficking in people and organs.
Also because, without regulation, cryptocurrencies are used for laundering money from drug trafficking and criminal organizations.
The European Union's guidelines against money laundering, in the approval of BLOX, mean that, in part, the concern could be remedied through this company's compliance example.
Another point of breach is that European companies such as VolksWagen, Crysler, Renault and large banking and food conglomerates based in the European Union, have part of their assets abroad in cryptocurrencies.
Thus, it is a matter of time that a European regulation has to take place.
The issue, as Laguarde itself puts it, is the concern of the digital Yuan for China: "The European Union is 3.4 years behind China. We have our own digital currency, in three or four years!"
This president also justifies the European protection of the entry of bitcoin because it lacks a solid financial foundation for taking bitcoin as its currency: not having backing, protection from central banks and massification. Obviously getting stuck in the EUR/US binary apr, which is related to oil on other things, clearly must be better! Only not!
Currencies suffer whenever there are regional disputes in the Middle East, with Israel, Iran, Iraq and so on.
Any hiccup in the Middle East causes the coins to mismatch!
And, in the short term, the fossil energy matrix will not be exchanged for a "renewable" one!
Translation: The common European block, following its Mexican partner and its quasi-Asian partner, will also have its own digital national currency!
The observation for these partners is: preaching free trade to the other 150 countries in the world is easy! Follow the discourse of world liberalization, for the entry of your products into smaller markets, as a new product mercantilism can!
But the question: release bitcoin, even if regulated, to give decision-making power, then can't you?
What economic principles are in that style: "Do as I say, but don't do as I do!"???
The cracked walls may take time to fall down, but the dome starts to get fresh air!
Are we going to keep blowing in?