Cyph3rp9nk on Nostr: Happy New Year to all. 2024 has been a good year as far as Bitcoin price is ...
Happy New Year to all.
2024 has been a good year as far as Bitcoin price is concerned, but a bad year in terms of regulations.
The Travel Rule has come into operation, all 39 FATF member countries (including major ones such as the United States, Canada, Japan and most of Europe) are obliged to implement the Travel Rule in their local legislation.
For those who do not know, the Travel Rule requires the identification of beneficiaries and recipients of transactions over $1000 USD or equivalent.
On the other hand we have the European MiCA legislation that obliges cryptoasset service providers to give a lot of information about their clients to the corresponding tax collection offices.
It is more important than ever that you unsubscribe from all KYC services and start using decentralized and uncensorable services like Robosats or Bisq.
It is also important to create local communities that accept Bitcoin as payment for their services.
The regulators are winning the battle and the circle is closing, don't give me that nonsense about Bitcoin being uncensurable blah blah blah blah, they are making it 100% KYC and if you don't know how to get out of that vicious circle you are just another tax paying moron.
Look at the order book of Bisq or Robosats and you will understand why we are losing the battle, but you can remedy it, these platforms are safe and the more we are the lower the premium and above all accept payment in Bitcoin, avoid having to negotiate for Fiat.
Happy 2025 and take courage to life.
2024 has been a good year as far as Bitcoin price is concerned, but a bad year in terms of regulations.
The Travel Rule has come into operation, all 39 FATF member countries (including major ones such as the United States, Canada, Japan and most of Europe) are obliged to implement the Travel Rule in their local legislation.
For those who do not know, the Travel Rule requires the identification of beneficiaries and recipients of transactions over $1000 USD or equivalent.
On the other hand we have the European MiCA legislation that obliges cryptoasset service providers to give a lot of information about their clients to the corresponding tax collection offices.
It is more important than ever that you unsubscribe from all KYC services and start using decentralized and uncensorable services like Robosats or Bisq.
It is also important to create local communities that accept Bitcoin as payment for their services.
The regulators are winning the battle and the circle is closing, don't give me that nonsense about Bitcoin being uncensurable blah blah blah blah, they are making it 100% KYC and if you don't know how to get out of that vicious circle you are just another tax paying moron.
Look at the order book of Bisq or Robosats and you will understand why we are losing the battle, but you can remedy it, these platforms are safe and the more we are the lower the premium and above all accept payment in Bitcoin, avoid having to negotiate for Fiat.
Happy 2025 and take courage to life.