The regulation is part of a broader AML framework that includes bank and payment accounts, passbooks and safe-deposit boxes, “crypto-asset accounts allowing anonymisation of transactions,” and “accounts using anonymity-enhancing coins.”
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Anyone who needs XMR should use these options:
- Buy Monero XMR with the RetoSwap.com program directly from other people via the Tor network.
- Convert Bitcoin to XMR on UnstoppableSwap.net.
- Safely swap cryptocurrencies on BasicSwapDEX.com without central points of failure.
I haven’t used Basic Swap, but I’ve used others and love them. Only caveat is that it’s hard to buy small amounts on Reto.
Haveno converts BTC and other CC just fine.
I don’t think EU knows how monero (and crypto in general) works lol, its not possible to ban crypto
They can ban all they’d like. To your point it seems tantamount to stating that crime is illegal.
do you think it is possible to punish those accepting it as payment? and then, they can also always make acquiring it harder
Yes for normal public retail use i reckon. (Thank the dogs for the undernet) We need some clever system as a way to check if someone accepts monero as publicly they may be afraid to say they do.
I think that’s still dangerous for them. test customers could test their “compliance with law”, like they test whether they are accounting tax properly
I think EU already banned selling xmr on centralized KYC exchanges quite some time ago, so acquiring it directly is “harder” so there’s nothing additional they can do in this context. What they can do though is punish EU businesses who accept xmr payments.
I think they can. on reto one way to pay is to send some kind of a bank transaction. if they were actively looking into it, they would know the account numbers of the monero sellers, and by that they could punish those who send money to them
How would they know if you’re sending them money for monero or something else, though?
That seems to just ban it from centralized exchanges, which already happened even without this regulation. Or am I wrong here?
I think it also bans any payment gateway from accepting it so businesses who want to support it will have to accept it directly, but even if that’s the case all you have to do is swap xmr -> btc to a new wallet and pay with that.
@oldfart @HardenedSteel Also all this brouhaha is over EUCI, a totally private group of self-declared crypto policy experts.
It has no special charter from the EU, is not funded by EU. It is “EU” the way “Federal Express” is federal
Come get some
X fucking D, good luck. eu will collapse by the hands of Europeans or immigrants before the midpoint of this century, they can’t even keep up the appearances of democracy anymore. Everyday more and more people are waking up to their bs. You can only push people so far before they stop complying. They can’t kill monero, most they can do is push it underground but that will only make it stronger. Since the dawn of history people have killed, died and sacrificed everything for freedom and putting a surveillance brick in their pockets or a propaganda box on their wall is not gonna change that, and since monero is the money of freedom everyone who wants to be free will follow it, rejecting the tyranny of the self proclaimed elites. Once the cryptowar 2.0 is won, and we will win it as we did before, there will largely no longer be a need for a centralized power or authority in our monetary, property, identity or even legal system and the need for a government - the tool of choice of the psychopaths and tyrants will go with it.
I like the XMR community for being mostly a bunch of nerds and/or anarchists. You sound like a dick tho.
Why?
Cowards fear heirarchy, naturally, and thus labels and accuse anything that voices any resistance let alone a stance for freedom and independence.
Like, careful yo, you got a little bit of sperm on your cheek there.
We’re talking about Europe wanting to ban privacy and you barge in talking some shit about some immigrant conspiracy crypto war shit, nah man
No conspiracy involved, I’m just saying what I think will happen.
Most of the values of today’s eu are the polar opposite of the values that made Europe a global superpower back in the day. Things like freedom of speech and thought, freedom to assemble, engage in commerce, own property, the right to privacy, to be secure in your possessions, to bear arms, rules like volenti non fit injuria, equality, meritocracy, self determination and individual sovereignty are all severally limited or downright non existent. eu chose to replace the liberty of Europeans with a promise of security ensured by self proclaimed elites and the result of that is a techno-bureaucrato-etatistic master/nanny state that tries to ban math (encryption), ban foreign and domestic news outlets and opinions that disagree with the establishment because you’re too stupid to make up your own mind and even political candidates just in case you make the wrong decision.
oc btw.
This overregulation is detrimental to the economy too, in 2008 eu’s economy was 8% larger than that of USA, now its 23% smaller even thoe more countries joined it since. Since 2008 the powerhouse of the eu - Germany’s GDP per capita grew by only 14% Italy’s decreased by 9%, Spain’s decreased by 7%, the French are still poorer than they were in 2008 while GDP per capita of China quadrupled and USA’s nearly doubled. While China and USA are busy building and innovating, eu is banning and regulating. Out of 1300 startups valued at over $1b 600 is in the USA, 300 in China and 60 in the eu, even less than in India.
eu claims to be this shining beacon of democracy everyone should be learning from while the eu’s president Ursula von der Leyen wasn’t democratically elected and the only democratically elected body, the eu’s parliament (that holds almost no power because the eu commission decides what it votes for and can withdraw the proposal if it doesn’t like the amendments it makes and because it’s decision can be overruled and bypassed by the council of the eu) most of the time doesn’t even count the meps’ votes. Instead most votes are done by raising ones hand and the parliament’s speaker eyeballs the result (yes really, look it up).
If Europeans don’t come to their senses and return to the true european values, immigrants will simply outcompete them, because their values, while not ideal, as it stands are superior to the values of the eu.
The cryptowar was an attempt to limit the public’s access to encryption. This attempt largely failed and most of today’s internet traffic is encrypted. Right now we are at the dawn of the cryptowar ll and cryptography is under attack once again through things like backdoors, client side scanning, ban on E2EE, cryptocurrency regulations etc. Cryptography in combination with blockchain technology has potential to revolutionize many aspects of society, like the monetary system through cryptocurrency, property rights and contracts through onchain deeds and digital signatures, decentralized cryptographic identities and direct/delegate voting with zero knowledge proofs. Historically this things required a central, trusted authority but soon™ that may no longer be the case, and at that point there will no longer be a need for a central trusted authority and without it many avenues of abuse of power will disappear too.
