CatladyMew on Nostr: I know, it's weird. The whole thing is being done as quietly as possible. It seems ...

I know, it's weird. The whole thing is being done as quietly as possible. It seems it's not completely finalized yet. There seems to be huge pressure on the exchanges to delist privacy coins.

Which is how I found out the other day. I wondered why Monero wasn't available to buy on Kraken. Then looked it up, only to see the note from the exchange that they delisted privacy coins due to regulatory pressures in the EU in October. Privacy coins are available on the exchanges outside of the EU.

Then I found that all EU exchanges removed privacy coins already. They were even talking about banning non custodial wallets apparently. It seems the whole thing isn't even finalized yet and the process is still going on. That might be why there's no official law text yet.

I read that some countries are putting it into their own laws as well and some are going to be even worse about it. Germany is supposed to be one of the worst. I'm going to see what I can find in German tomorrow and I will try to find some official documents about it all.

It's definitely going on, but they really want to keep it as quiet as possible.

I'm sorry it's such a weird situation regarding official sources.