14:31:16 https://cointelegraph.com/news/eu-crypto-ban-anonymous-privacy-tokens-2027 14:40:15 Rip GDPR 14:43:50 People from europe always talk so badly about 'muricans, but countries out there dont even get to decide their own laws 😭? 14:43:56 Fewer places to manipulate “token” price 14:44:51 to be honest, this doesnt change anything 14:44:58 or do you know any EU CEX that lists monero 14:45:08 Monerokon will need to relocate I guess 14:45:22 yalls need to leave the eu. Buncha worthless tyrants. Didnt UK leave? 14:45:26 why? they just ban VASPS from handling monero 14:45:36 the UK is way worse 14:46:21 no? 14:48:38 Sounds like accepting monero at your business would be bammrd 14:49:08 or even opencryptopay and gift card services 14:49:39 hm true 14:53:37 tldr: your country should leave the eu and make their own laws 14:53:38 eu treats your country like its a county 14:57:06 my country probably proposed this stuff 14:57:24 the EU is schizophrenic 14:57:55 on one side you have GDPR with hardcore rules to preserve privacy and on the other, total transparency 14:58:18 EU unfortunately make the assumptions in its law that they will do good use of it. 14:58:22 which is... 14:58:30 well it's an assumption and only an assumption 14:59:09 GDPR means that transparent blockchains should be illegal 14:59:54 damn 15:00:05 the perfect pincer maneuver to ban all of crypto 15:40:53 nah, without the EU individual countries would be fucked much more in the current global political climate 15:42:57 Lol 15:43:21 So basically they arent sovereign to begin with 15:44:06 An eu country == a us state 15:44:07 Except less sovereign, since us states can decide their own crypto laws 15:46:11 ofrnxmr trying not to have the dumbest offtopic political takes in #-community challenge: 15:46:12 IMPOSSIBLE 15:46:45 also OFFTOPIC 15:47:46 should have been posted on #monero to begin with 15:48:33 it was in monero to begin with 15:48:34 Except its pretty factual, seeeeeth m-reIay, seeeth 15:48:39 may the real m-relay please stand up? 15:48:45 seeth**E*** 17:29:24 Good luck banning math 17:29:43 That's the cool part 17:29:46 They don't even try 17:30:22 They are targeting only the vasps 17:48:13 Bullish for Haveno EU-based trade volume 17:50:35 <0​xfffc:monero.social> Exactly 17:50:46 Yeah actually, I support this law. Was never supposed to be custodial in the first place. 17:52:03 Theres nothing "free"(as in freedom) about imposing laws on my business 17:52:05 I don't like the part where stuff like coinsbee probably won't be able to accept monero anymore 17:52:42 We will have to just swap through serai any time we need to spend inside the eu 17:53:53 Bring a validator on serai prob illegal too (?) 17:56:22 Then EU shoots itself in the foot by not allowing any of its citizens to be Serai validators. Oh well, more rewards for the rest of the world... 17:59:54 Eu shoots itself in all of its countries feet all the time 18:00:47 Tbf, this doesn't sound like it binds merchants at the moment, but I could be wrong. But the very fact that they're so adamant on trying to control non-surveillance coins, as well as the eliminating cash, probably means that they'll attempt to come after merchants given enough time 18:00:58 GDPR = bitcoin is noncompliant 18:00:58 Ban privacy coins = GDPR compliant crypto is illegal 18:03:26 It doesn't bind merchants 18:03:45 Obliged entities is Article 3 18:04:10 Though anyone that handles transactions over €10,000 would potentially become an obliged entities 18:04:21 Maybe wont ban a merchant directly from accepting monero, but would ban any service provider from handling anything for them (like rino (rip) a gift card service, opencryptopay etc) 18:04:32 And also, GDPR doesn't ban any type of blockchains, either implicitly or explicitly 18:05:04 It does pose issues for data controller and data processors from using/implementing specific aspects of DLT 18:05:28 ofrnxmr: it won't ban gift cards 18:05:59 it will ban (it seems) anonymous sale of gift cards above a certain threshold 18:06:14 Which I think is €3000 (but I'd have to check to make sure) 18:07:00 But in reality, this was always the case. It's just that the threshold has been reduced 18:07:09 From 8k to 3k, IIRC 18:07:17 Might be 10k to 3k 18:07:48 agree with this. The direction is clear. There is also more and more weaponizing of the law to suppress political speech. 18:10:47 And also, GDPR doesn't ban any type of blockchains, either implicitly or explicitly 18:10:48 How do you have the right to be forgotten on btc? 18:12:04 The gdpr is a geopolitical tool that is selectively enforced. Doubt that facts and logic will work on them 18:23:57 You have "the right to be forgotten", only when you engage with a data controller or data processor (obliged entities). If the question you are actually trying to ask is whether there are technical OR organisational measures to enact your "right to be forgotten" with a DLT, then the answer is probably yes (though contestable, imperfect, and contextual). One example is if a data controller processes a payment on my 18:23:57 behalf on bitcoin, using a custodial wallet. The only entity (in theory) that knows the link between on-chain data (personal data) and my identity, is the data controller. If they delete the off-chain link, from a legal perspective, they have implemented my data deletion request. 18:24:39 I shared a very recent document which outlines a lot of the European Data Protection Board's perspective on DLT. They take a pretty technology neutral perspective (as expected) 18:25:06 https://www.edpb.europa.eu/our-work-tools/documents/public-consultations/2025/guidelines-022025-processing-personal-data_en 18:26:39 ofrnxmr: if on the other hand, you are proposing that the bitcoin network (or actors in the network) are data controllers/data processors in and of themselves, then that is another discussion completely 18:26:58 ^^ and a lot more complex, legally speaking 18:28:53 Having said all that, for permissioned chains, legally, it changes completely, as there are usually identifiable obliged entities, controllers and processors in that context. 18:32:00 The EU does not matter as much as you think it does. The buck still stops with national governments. If you look at Bitcoin atms for example: [shitcoins.club ](https://shitcoins.club/en/bitcoin-atm-locations) for a while they were available in Germany as well, until the bafin put a stop to it. (as a result of pressure from a local competitior that wanted to capture the market via 18:32:02 regulatory capture) 18:32:22 https://matrix.monero.social/_matrix/media/v1/download/kernal.eu/fQxXHWhaaZeLBUnVdFpmFUeS 18:33:26 you can clearly see on this map which countries are more and less hostile 18:34:21 jeffro256: I don't think "they" (the EU/Government) are trying to eliminate cash. In fact, a new Regulation was proposed, and is in the enactment process, in 2022/2024 to ensure a European wide right to access cash, and to ensure that it is accepted throughout the "Single Market". It's the "market" that is trying to remove cash, due to the efficiency/cost, compliance, and data analysis benefits to it being 18:34:21 removed/replaced by digital alternatives. 18:35:51 its more like they try to insert themselves into the conversation to give the appearance of having legislative power. But in practice the enforcement and implementation of the actual law differs from country to country 18:40:35 So why kraken delist in the EEA? And this latest news is theater? 18:45:37 midipoet: true, it might not be fair to say that the "EU" itself is phasing out cash, but IMO the "compliance" burden you mention is largely due to the EU or the governments of its member countries; the private sector isn't creating that cost. Although I do agree that the private sector loves that sweet sweet customer tracking data that comes with digital payments tied directly to 18:45:38 people's names, phone numbers, etc 18:49:41 ofrnxmr: they delisted in the process of obtaining their CASP licence with the Central Bank of Ireland. Essentially, the CB asks them to provide evidence of how they will comply with all the provisions in MiCAR. It's easier to delist then come up with a solution for Article 76 of MiCAR, especially when they have a shit ton of other things to worry about with the regulation. Kraken absolutely cannot risk not getting 18:49:41 their licence, and they absolutely cannot risk being "late" to get their licence, allowing other firms to steal market share. So they take the path of least resistance. 18:52:33 MiCAR is governed why whom 18:53:06 By* whom 19:00:53 European Banking Authority and European Securities and Markets Authority, in conjunction with the National Competent Authorities (basically the Central Banks of each Member State) 19:06:19 mhm 19:35:24 If you want some more reading from "them", this is worth a peruse. It's from the BIS. https://www.bis.org/publ/work1242.htm