I think regulators are all of the same colors regardless of countries of origin. What matters to the EU taxmen is this $2.5B they can extract from the crypto space. And that is why they hate anonymity and they consider it unacceptable. Of course, they have to wisely sell their "regulation" product in the name of "investor protection" and "financial inclusion." To accomplish this, crypto companies must first register and then report their users' holdings to tax authorities. All I can say to these dictators and enemies of freedom and innovation is simply "good luck with their regulation!" I wish that they have all the necessary information and legal tools to touch decentralized entities.
#someeofficial
https://bitcoinmagazine.com/legal/eu-to-force-crypto-reports-of-user-holdings
#someeofficial
https://bitcoinmagazine.com/legal/eu-to-force-crypto-reports-of-user-holdings
I think regulators are all of the same colors regardless of countries of origin. What matters to the EU taxmen is this $2.5B they can extract from the crypto space. And that is why they hate anonymity and they consider it unacceptable. Of course, they have to wisely sell their "regulation" product in the name of "investor protection" and "financial inclusion." To accomplish this, crypto companies must first register and then report their users' holdings to tax authorities. All I can say to these dictators and enemies of freedom and innovation is simply "good luck with their regulation!" I wish that they have all the necessary information and legal tools to touch decentralized entities.
#someeofficial
https://bitcoinmagazine.com/legal/eu-to-force-crypto-reports-of-user-holdings