16:14:18 <selsta> sgp_[m]: https://www.theblockcrypto.com/linked/112008/eu-officials-unveil-draft-legislation-for-applying-fatfs-travel-rule-to-crypto-transactions
16:14:26 <selsta> EU draft: https://ec.europa.eu/finance/docs/law/210720-proposal-funds-transfers_en.pdf
16:14:40 <selsta> did you take a look at this yet? I assume this is basically the travel rule
16:15:05 <ComplyLast> it seems to be basically a transposition of travel rule to crypto
16:16:19 <sgp_> Looks like it but I haven't read it in full
16:17:56 <selsta> can't wait for all the FUD reporting that EU bans monero lol
16:20:11 <ComplyLast> my body is ready
16:27:52 <nioc> <xmrscott[m]> I can do logs I reckon <<>> were you able to do so?  
16:32:30 <ComplyLast> btw
16:32:46 <ComplyLast> wasn't there some precedent set against this in the EU?
16:33:02 <ComplyLast> the case of bitonic vs dnk
16:33:05 <ComplyLast> *dnb
16:34:14 <ComplyLast> https://bitonic.nl/en/news/231/dnb-formally-acknowledges-complaints-bitonic-and-revokes-wallet-verification-requirement
16:40:53 <sethsimmons> This is the actual proposed change: https://ec.europa.eu/finance/docs/law/210720-proposal-funds-transfers_en.pdf
16:42:55 <sethsimmons> > A Regulation of the European Parliament and of the Council is an appropriate instrument for introducing in the Union law the so-called “travel rule” of FATF recommendation 15, which requires  on  the  one  hand  that  originating  CASPs  obtain  and  hold  required  and  accurate crypto-assets transfers originator information and required crypto-asset transfers beneficiary information , submit the above information to the
16:42:56 <sethsimmons> beneficiary CASP or financial institution (if any) immediately and securely, and make it available on request to appropriate authorities (i) and, in the other hand, that beneficiary CASPs obtain and hold required originator information and  required  and  accurate  beneficiary  information  on  crypto-asset  transfers  and  make  it available on request to appropriate authorities (ii).
16:52:09 <sethsimmons> Just seems to be the travel rule officially extended to "crypto-assets" and "crypto-asset service providers".
16:52:37 <sethsimmons> > Scope The requirements of this regulation apply to CASPs whenever their transactions, whether in fiat currency or a crypto-asset, involve: (a) a traditional wire transfer, or (b) a crypto-asset transfer between a CASP and another obliged entity (e.g, between two CASPs or between a CASP  and  another  obliged  entity,  such  as  a  bank  or  other  financial  institution).  For transactions involving crypto-assets transfers, all
16:52:37 <sethsimmons> crypto-asset transfers are treated with the same  requirements  as  for  cross-border  wire  transfers,  in  accordance  with  the  FATF Interpretative  Note  to  Recommendation  16,  rather  than  domestic  wire  transfers,  given  the risks associated to crypto-assets activities and CASP operations.
16:53:20 <sethsimmons> > The crypto-asset service provider of the originator must ensure that transfers of crypto-assets are accompanied by the name of the originator, the originator’s account number, where such an account exists and is used to process the transaction; and the originator’s address, official personal document number, customer identification number or date and place of birth; the crypto-asset service provider of the originator must also
16:53:20 <sethsimmons> ensure that transfers of crypto-assets are accompanied by the name of the beneficiary and the beneficiary’s account number, where such an account exists and is used to process the transaction.The crypto-asset service provider of the beneficiary must implement effective procedures to detect whether the information on the originator is included in, or follows, the transfer of crypto-assets.  The  crypto-asset  service  provider  of
16:53:20 <sethsimmons> the  beneficiary  must  also  implement effective  procedures,  including,  where  appropriate,  ex-post  monitoring  or  real-time monitoring,  in  order  to  detect  whether  the  required  information  on  the  originator  or  the beneficiary is missing.
16:53:21 * Rucknium[m]  < https://libera.ems.host/_matrix/media/r0/download/libera.chat/787c1f21365aaa70026c05a254f635d0714a02b4/message.txt >
16:54:17 <Rucknium[m]> The proposed change text refers to Directive (EU) 2019/1937-COM/2020/593, which is here:  https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52020PC0593&from=EN
16:56:09 <Rucknium[m]> Bitpay and similar outfits would seem to qualify as a CASP. Vendors who manage receipt of crypto assets themselves would seem to fall outside of the definition. An indirect win for decentralization?
17:05:11 <xmrscott[m]> nioc: Thanks for the reminder, will do so when I'm offshift
17:05:36 <nioc> thx, no hurry 
19:14:20 <sgp_> #monero-policy is now relayed, which is the best place for this sort of discussion
20:57:05 <mj-xmr[m]> It's awesome, that you keep an eye on this.
21:24:04 <nikg83[m]> This travel rule will affect mymonero ?
22:01:28 <BusyBoredom[m]> It looks like it'd only affect companies that provide crypto services (like exchanges), not vendors who accept crypto. Not a lawyer though. 
22:03:54 <nikg83[m]> <BusyBoredom[m] "It looks like it'd only affect c"> Read a article which says services can’t provide anonymous wallets 
22:09:41 <BusyBoredom[m]> I read the same thing, but I don't think that will hurt monero. Services already get your name and whatnot when you deposit/withdraw monero. Even if getmonero had to get your name when you download the GUI/CLI wallet, that still wouldn't really hurt monero. 
23:15:50 <mcfranko[m]> Even if that was a requirement, I'm sure that there would be many other ways to download it popping up, like p2p, onion sites, or eepsites  
23:17:59 <nikg83[m]> <BusyBoredom[m] "I read the same thing, but I don"> I don’t think getmonero.org provides any service, it just provides tools