cypherhoodlum on Nostr: KYC on steroids in the EU starting from 2025. However: "Self-hosted wallets are not ...
KYC on steroids in the EU starting from 2025.
However:
"Self-hosted wallets are not obliged entities. Therefore, peer-to-peer (P2P) transactions (from a selfhosted wallet to a self-hosted wallet) are not in scope."
If you orange pill any local vendors in person, make absolutely sure they start using non-custodial wallets to not get tangled up in this shit. Otherwise they would need to report full KYC info on any transaction above 0€.
However:
"Self-hosted wallets are not obliged entities. Therefore, peer-to-peer (P2P) transactions (from a selfhosted wallet to a self-hosted wallet) are not in scope."
If you orange pill any local vendors in person, make absolutely sure they start using non-custodial wallets to not get tangled up in this shit. Otherwise they would need to report full KYC info on any transaction above 0€.
quoting nevent1q…fvdvEU Parliament Passes FATFs Travel Rule & MiCA Licensing Regulations
https://www.nobsbitcoin.com/eu-parliament-approves-travel-rule-and-mica/