Bad facts make bad law. We see this in jurisdictions all over the world, especially when it comes to digital assets. Unfortunately, we are about to see this again-this time in the EU-in the form of a revision to the Transfer of Funds Regulation. blog.coinbase.com/making-you…

Mar 28, 2022 · 12:03 AM UTC

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If adopted, this revision would unleash an entire surveillance regime on exchanges like Coinbase, stifle innovation, and undermine the self-hosted wallets that individuals use to securely protect their digital assets.
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A vote on the draft proposal could come as early as Thursday. If you care about protecting the privacy of individuals, and focusing the law on solutions that actually address legitimate concerns about the illicit use of digital assets, now is the time to speak up and be heard.
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Sort replies: Relevant Recent Liked
Replying to @iampaulgrewal
literally just don't comply and never do KYC use DEX and p2p transactions ez
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Replying to @iampaulgrewal
Unfortunately, EU is good at discouraging tech ecosystems & good at creating inefficient, byrocratic regulations. It focuses too much on supporting old, unethical businesses.
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Replying to @iampaulgrewal
@MMCrypto @CryptoMo guys can you help to spread? EU is cracking down on self hosted wallet and right to #privacy. Thank you
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Replying to @iampaulgrewal
We need better educated legislators that understand the tech and can inform the law-making process. Crypto need a stronger lobbying front in the EU.
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Replying to @iampaulgrewal
$LCX is the answer
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Replying to @iampaulgrewal
yes more FUD is coming... prepare your fiat to buy the dip after this storm
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Replying to @iampaulgrewal
It is to regulate thieves of your kind that these new laws arrive. You've stolen thousands of customers because cryptos aren't regulated by the SEC or you'd be in jail a long time ago!. COINBASE is a SCAM and Brian ARMSTRONG a THIEF 👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎
Replying to @iampaulgrewal
sad to say, my country already implemented it with Coinbase needing me to confirm the identity of the receiver and Gemini allowing me to only send to myself / attested addresses.
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Replying to @iampaulgrewal
Bad People make bad laws
Replying to @iampaulgrewal
How does this fit to the GDPR principles? Official EU website: „Stronger rules on data protection mean people have more control over their personal data and businesses benefit from a level playing field.“ #Hypocrites ( ec.europa.eu/info/law/law-t… ) @coinbase @TheCryptoLark @btcecho
Replying to @iampaulgrewal
They are the ones who fabricated these facts. How are you going to convince them that they're wrong on the theory they created themselves? They think like that because that's exactly what they would do. They think like criminals because that's what they are.
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Replying to @iampaulgrewal
COINBASE is rated BAD. fr.trustpilot.com/review/coi… Coinbase dropped sharply 358 at introduction and 197 to date👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎👎

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