Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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EU moving towards total monetary surveillance and banning all anonymous payments (lemmy.ml)

submitted 8 months ago* (last edited 8 months ago) by [email protected] to c/[email protected]

155 comments fedilink hide all child comments

How to contact your MEP: https://www.europarl.europa.eu/portal/en/contact

Source: https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp

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[–] [email protected] 6 points 8 months ago* (last edited 8 months ago)

so any business which accept crypto must KYC every one of their customers

No, any business must use a KYC custodian for their wallets. I don't think they'll need to KYC their customers, they'll just need to account for those transactions in their accounting.

So if the company accepts Monero, the Monero wallet would need to be with a custodian, but you'd be free to use Monero to buy stuff and remain anonymous. At least that's my read.