EU moving towards total monetary surveillance and banning all anonymous payments

Clickbait headline. The underlying article lists much more reasonable restrictions:

• Anonymous cash payments over €3,000 will be banned in commercial transactions
• Cash payments over €10,000 will even be completely banned in business transactions
• Anonymous payments in cryptocurrencies to wallets operated by providers will be prohibited

So non-commercial transations are fine, as are crypto transactions to non-custodial wallets.

OP, your post is a mess.

1. It's not "total monetary surveillance," it's limited to cryptocurrency and high (>$11,000) cash payments.
2. You shouldn't encourage people to contact the EU before showing them what's actually happening
3. Your Snort post doesn't work on my browser and it's a pretty bad social network anyway.

For people who are looking for actual info:

https://www.dw.com/en/eu-seeks-cash-payment-limit-tougher-money-laundering-rules/a-68024075

https://finbold.com/anonymous-crypto-wallets-now-illegal-in-the-eu/

Or the source OP was using:

https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/

(ETA better info and links)

sorry but banning anonymous payments is pretty good for fighting corruption...

This doesn't seem that much worse than American rules that have already been in place for a long, long time.

As it is, large payments or withdrawals must be reported to federal agencies, anything over $10k. This applies to cash transactions as well and the forms the IRS requires you to fill in a $10k+ cash transaction can be found here.

The biggest difference would be the impact on cash transactions and crypto transactions in the EU.

I'm pro-privacy, but a lot more crypto facilitates crime than not, so I don't really know why people would be shocked that governments would attack crypto specifically here (literally almost all ransomware uses crypto). Looks like way more of a crackdown on crypto than cash, but maybe that's just me. (On top of the fact that a lot of crypto isn't privacy-oriented. Looking at you, Bitcoin)

Related: https://www.nbcnews.com/news/venmo-paypal-zelle-must-report-600-transactions-irs-rcna11260

Two years ago USA put in rules for commercial digital transfers over $600 to be reported. Just pointing out that the EU's rules don't seem particularly draconian when weighed against already existing rules elsewhere.

This thread is a dumpster fire. Can someone explain to me why i should be concerned about the tracking of payments that as an average person will not happen outside of buying huge stuff like a car? While no one is forced to answer me i would like you to refrain from vague statements like "this is attacking your privacy", because i am interested in how. If you think its obvious feel free to ignore.

I think the biggest point that i could see being a problem is the crypto stuff because i once made a anonymous donation via monero (that because i was concerned but the target needed privacy). It was about 30€ or something. Would that be illegal under the new guidelines? And if so, why would i care, since it is supposed to be anonymous.

Three easy payments of $999.99!

They track the trade of art too?

It's OK to be an outlaw.

Anybody who defends these actions by the EU is a poopy face

Grab #Monero

I think people should create new and stronger communities to fight stuff like that

Topics, groups, etc, where people discuss and organize system fighting

that nostr link doesn't load for me but this is the url that the post in the screenshot is ultimately linking to: https://www.patrick-breyer.de/en/eu-cash-cap-and-ban-on-anonymous-crypto-payments-results-in-financial-paternalism/

all Im thinking of is how payment processors have been acting as legislators lately to outlaw porn.

Wtfff

creepy

This feels like satire

Permanently Deleted

Would it make sense to have #CashAwarenessMonth? https://lemmy.ml/post/7968927

Are you seriously suggesting me to contact my MEP based on the clickbait title you've written? Wow.

I'm all for privacy and I'd use Monero all the time, but this kind of regulations heavily damaged the mafia so tbh let's go for it. I'm not gonna spend 3k per transaction regardless

How do you even ban anonymous crypto? It's anonymous 😅

CC BY-NC-SA 4.0

So a ban on crypto and CCP like control over all finances?

Pretty sure corruption isn't using wire transfer 🫢 Comes in physical form that can't be tracked

As a privavy fan/advocate I am fine with this

I have spent €3000+ in cash a few times in the last few years but I dont really mind this tbh.

So, Europe limiting people's freedom, even more. Why am I not surprised? Use Monero and build the circular economy. Give the middle finger to these clowns. People in the US need to do the same thing because we are headed down the same path. That's why I always suggest if you have Monero not turning it back into Fiat ever.