Topic: EU proposes stricter rules on Bitcoin (Read 2352 times)

Quote from: frenulum on July 05, 2016, 12:20:08 PM

EU should mind its own business. They will soon be no more.

They can'tdo anything about bitcoin even if they wanted to anyway. They only thing they can do is banning bitcoin which nobody will give a flying fck about that. As long as the internet is up, everyone will be able to reach and use bitcoins.

you are either a hipster kid or something is wrong with your logic

Bitcoin cannot exist without banks. Yes, you can use Bitcoin to transfer between accounts and done. The exchangers are based on BANKS and so their clients

You believe in an utopia where BTC is used as currency. It's not the case. Wake up! The most of the people are interested of cash and nothing more.

It's a nonsense what you are saying. Any new regulation will affect the exchangers from Europe because their banks account will be closed unless they will have a license (who can afford a financial license? there are HUGE costs; also a license is coming with MANY rules, terms...it's hard to be a financial licensed company) so, you, as BTC user won't be able to get cash. Comprende? Roll Eyes

Nobody can prevent people like me to act as a btc/usd bank. That's where you fail with your logic. Bitcoin do not need any banks at all.

When you find a local dealer who buys/sells bitcoin, why would i need any fookin banks? The good thing is, everybody can do this. No licenses needed. Cheer up.

Are you from USA?

no.

edit:

those links are just to scare people. too many things aren't legal in USA yet people can do them anyway.

to scare people?

these are REAL things ! People are in jail because of unlicensed money transmitter licenses.

Yes to scare people. This is not common? It's anacdotal evidence, how many more thousands of trades happen without incident? If you are trading large 4 figure sums or 5 figure sums then yes, it's a danger you could get into trouble. Solution: make more frequent smaller volume trades.

Jannn

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Activity: 1120

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Wondering what people make of this?
http://uk.reuters.com/article/uk-eu-security-financing-idUKKCN0ZL1RB

How can we keep the elites noses out of our financial affairs?

I quote: Following attacks in Paris last November by Islamic State militants the EU executive said it would step up measures to cut off terrorists' access to funds.
EU lets millions of potential terrorist enter unchecked. And use it to control the native population.

Tippingcoin

newbie

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Just found out Coinbase banned Germany & Luxembourg. I guess this is more than just talk.

avikz

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EU is good for nothing. After Britain's exit, it is in danger. With negative GDP to negative bank rates prove that EU can't make better decisions for their own economy. Now they are trying to steal money from normal people.

It seems like that EU wants its citizens live a miserable life and controlled by their government. How funny it is. Britain has taken right decision.

hermanhs09

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Quote from: leopard2 on July 06, 2016, 05:18:56 PM

Again do not worry too much. The bEURocrats are shooting themselves in the foot. Today Deutsche Bank market cap dropped so much, they will drop out of the Eurostoxx index soon. Shocked

The fiat system is sick to the bone and I dare to guess that they will soon have more to worry about, then regulating BTC

Banks are interested in blockchain, and ETH in particular, for a reason...

How do you know they are really interested about ethereum? I would like to see some kind of source,it is and intresting info.
But you are right,fiat system is corrupted,sick:they only care for their profit,bitcoin is such a great way for anyone to make money every day!

countryfree

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Your country may be your worst enemy

Quote from: isvicre on July 06, 2016, 01:33:31 PM

There is nothing in there about online wallets in europe suddenly requiring ID to access your own btc. Its basic kyc stuff for exchanges. How will an online wallet service like blockchain know where you are from? A 12 year old could get around that. Why can't we have a rational discussion here without rediculous straw man arguments? And why does everything revert to a brexit argument too? Ugh.

Check this: Tackling terrorist financing risks linked to virtual currencies: to prevent misuse of virtual currencies for money laundering and terrorist financing purposes, the Commission proposes to bring virtual currency exchange platforms and custodian wallet providers under the scope of the Anti-Money Laundering Directive. These entities will have to apply customer due diligence controls when exchanging virtual for real currencies, ending the anonymity associated with such exchanges;

But frankly, it's no big deal. You can still have your own wallet on your own computer, and exchange BTC as you wish with localbitcoins. You just need to understand that doing things anonymously will be a bit more expensive.

leopard2

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Again do not worry too much. The bEURocrats are shooting themselves in the foot. Today Deutsche Bank market cap dropped so much, they will drop out of the Eurostoxx index soon. Shocked

The fiat system is sick to the bone and I dare to guess that they will soon have more to worry about, then regulating BTC

Banks are interested in blockchain, and ETH in particular, for a reason...

HI-TEC99

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Activity: 2772

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Quote from: SmartIphone on July 05, 2016, 03:30:24 PM

Quote from: frenulum on July 05, 2016, 12:20:08 PM

Wondering what people make of this?
http://uk.reuters.com/article/uk-eu-security-financing-idUKKCN0ZL1RB

How can we keep the elites noses out of our financial affairs?

From this article they have lowered the maximum amount from 250 euro to 150 euro but as far as i know most bitcoin debit cards have higher limits for those that want to pay/spend the bitcoins anonymously.
Bitcoin in that article was mentioned only once and I think it is affected indirectly.

The bit-x debit card abided by EU law and allowed you to withdraw up to 250 euros anonymously without any verification. If you gave increasing amounts of KYC details you got increasing withdrawal limits.

If the new EU rules are put into EU law the anonymous card's withdrawal limit will go down to 150 euros, but you could buy more than one card and withdraw 150 euros from each card .

Vikingr

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Thanks God that we are not the part of EU, our government is very good with bitcoin and do not restrict the citizens for its use, I think the main point is that in our country the educated people do not like crimes and uneducated people do not know about bitcoin.

Yakamoto

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Quote from: smoothie on July 06, 2016, 02:55:39 PM

good luck EU.

One nation is leaving...and others WILL follow suit.

The beginning of the end of the EU.

It's definitely the beginning of the end; with so many other countries' political parties asking for their own referendums and a lot more right-wing parties gaining power, there are numbers days for the EU. Too many people are fed up with how the system works, and the ~~fourth reich~~ EU has done too many things and forced too many other countries to try and do things. It's all starting to end.

smoothie

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LEALANA Bitcoin Grim Reaper

good luck EU.

One nation is leaving...and others WILL follow suit.

The beginning of the end of the EU.

mindrust

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Quote from: mayax on July 06, 2016, 02:51:37 PM

in Europe will be the same after the new AML laws will be enforced this year . the so called "local bitcoin people" will be prosecuted...

There will always be a way out of any legal shit they put.

They banned pirating softwares, movies and anything, did it succeed? No. The only way they can succeed is shutting internet off. You can't stop internet.

mayax

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Quote from: mindrust on July 06, 2016, 02:49:06 PM

Quote from: mayax on July 06, 2016, 02:47:35 PM

Quote from: mayax on July 06, 2016, 02:47:35 PM

EU should mind its own business. They will soon be no more.

They can'tdo anything about bitcoin even if they wanted to anyway. They only thing they can do is banning bitcoin which nobody will give a flying fck about that. As long as the internet is up, everyone will be able to reach and use bitcoins.

you are either a hipster kid or something is wrong with your logic

Bitcoin cannot exist without banks. Yes, you can use Bitcoin to transfer between accounts and done. The exchangers are based on BANKS and so their clients

You believe in an utopia where BTC is used as currency. It's not the case. Wake up! The most of the people are interested of cash and nothing more.

It's a nonsense what you are saying. Any new regulation will affect the exchangers from Europe because their banks account will be closed unless they will have a license (who can afford a financial license? there are HUGE costs; also a license is coming with MANY rules, terms...it's hard to be a financial licensed company) so, you, as BTC user won't be able to get cash. Comprende? Roll Eyes

Nobody can prevent people like me to act as a btc/usd bank. That's where you fail with your logic. Bitcoin do not need any banks at all.

When you find a local dealer who buys/sells bitcoin, why would i need any fookin banks? The good thing is, everybody can do this. No licenses needed. Cheer up.

Are you from USA?

no.

edit:

those links are just to scare people. too many things aren't legal in USA yet people can do them anyway.

to scare people?

these are REAL things ! People are in jail because of unlicensed money transmitter licenses.

mayax

legendary

Activity: 1456

Merit: 1004

in Europe will be the same after the new AML laws will be enforced this year . the so called "local bitcoin people" will be prosecuted...

mindrust

legendary

Activity: 3276

Merit: 2442

EU should mind its own business. They will soon be no more.

They can'tdo anything about bitcoin even if they wanted to anyway. They only thing they can do is banning bitcoin which nobody will give a flying fck about that. As long as the internet is up, everyone will be able to reach and use bitcoins.

you are either a hipster kid or something is wrong with your logic

Bitcoin cannot exist without banks. Yes, you can use Bitcoin to transfer between accounts and done. The exchangers are based on BANKS and so their clients

You believe in an utopia where BTC is used as currency. It's not the case. Wake up! The most of the people are interested of cash and nothing more.

It's a nonsense what you are saying. Any new regulation will affect the exchangers from Europe because their banks account will be closed unless they will have a license (who can afford a financial license? there are HUGE costs; also a license is coming with MANY rules, terms...it's hard to be a financial licensed company) so, you, as BTC user won't be able to get cash. Comprende? Roll Eyes

Nobody can prevent people like me to act as a btc/usd bank. That's where you fail with your logic. Bitcoin do not need any banks at all.

When you find a local dealer who buys/sells bitcoin, why would i need any fookin banks? The good thing is, everybody can do this. No licenses needed. Cheer up.

Are you from USA?

no.

edit:

those links are just to scare people. too many things aren't legal in USA yet people can do them anyway.

mayax

legendary

Activity: 1456

Merit: 1004