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Comment on EU Parliament commitee approves cash cap and ban on anonymous crypto paymentsparent

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Anonymous online / digital payments seems to exclusively facilitate crime, but doesn’t seem to be relevant to regular ‘normal’ people.

How so and is there anything to back that up or is that just a gut feeling?

I pay for my VPN subscription online, anonymously using crypto. Am I facilitating crime?

I pay for my VPN subscription online, anonymously using crypto. Am I facilitating crime?

No, and you'll continue to be able to do so under the new regulation unless I'm missing something.

Doesn't it say it right there in the first paragraph?

And anonymous payments in cryptocurrencies to wallets operated by providers (hosted wallets) will be prohibited even for minimum amounts without a threshold.

Doesn't this mean that literally all anonymous crypto transactions would be banned?

It does, and the real surprise is only that it took so long.

The strictness of AML/KYC is half the reason why it's easier to use crypto than banking. They're removing the glitch.

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