European Union Seeks To Make Bitcoin Transactions More Traceable

in #steemit6 days ago

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Well, it was so close to the line a couple of days ago it then became inevitable and yesterday we saw Bitcoin fall to a new recent low of $29,301. That's the bad news. The good news is that Bitcoin has recovered nicely today and is up 9%, currently rallying to over $32,000, now that's what we like to see. So what spooked it yesterday?

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It appears that the explanation might lie in an effort by the European Union to make Bitcoin transactions more traceable and therefore less anonymous. This was what the EU announced yesterday. This would mean a change in EU law to achieve this objective and give the initiative a full legal backing. What the EU is seeking to do here is make crypto exchanges and companies who facilitate the transfer of Bitcoin transactions record the details of both the sender and receiver.

It comes as no surprise to us of course that a globalist institution like the EU seeks to impose a control on crypto transactions, after all crypto is decentralised and empowers us little people to fight back and break out of the financial prison central banking has put us all in, whereas the elites like the EU are doing all they can to ensure they get as much centralised control of crypto as they can.

Apparently the EU are concerned about terrorism and money laundering. The usual explanations elites provide to ensure ordinary people like us can not financially empower ourselves.

The EU are determined though and they say they intend to pass this new law to cover all crypto within the next two years. Sadly they could do it but will it work in practice? All of us in the cryptosphere are always operating under the continued threat of greater regulation and control by governments, banks and international organisations. They have had some success but the beautiful decentralised nature of crypto means they have one hell of a job to do if they intend to really control the space entirely.

The ACOM Team

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A C O M

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hello dear friends @acom good morning
It is sad what is happening and what the European Union wants to impose; Many of the measures they impose end up harming the smallest as always, in the previous reform we have left many countries in this part of the world, without a card to operate directly with bitcoin
Thank you very much for sharing this information
I take this opportunity to wish you a splendid afternoon

Greetings friends of @acom.

I share your opinion, the great elites are destined to maintain a hegemony over the rest of the world, however, the benefits of cryptocurrencies, give us some guarantee that we find a space for us as an emerging society.

Let's move forward, better times will come.

Nice dairy this amazing post I love this post.....💚❤💜

Hi, I'm Imagen, professor at Steemit Crypto Academy.

I've noticed that you make a lot of comments on other people's posts, I don't know if you do it with the intention of gaining Upvotes or to make yourself known, you tend to make the same comment over and over again....

I recommend you start reading people's posts before commenting the same thing over and over again, your comments have no relevance to the topic and don't contribute anything.... Please stop leaving these types of comments on peoples' posts.

I think it's important to remember that within the EU we find the heart of what the Global Elites want to push forward as their agenda: The Great Reset. And digital currency is at the heart of that. Attempting to regulate Bitcoin, and the entire world of blockchain, as we know well, has nothing to do with terrorism, or even finance if we really think deeply about it. It's a game of control and power.

I have mixed feelings about the "freedom" that this decentralized technology is creating for the world of money. We still don't really know who the players are that launched this innovation, and why? What's evident is that the world is becoming more and more comfortable with the idea of digital cash. I suppose what's important is to always be as up-to-date as possible on the changing tides of all economic markets, and to be vigilant in protecting our investments by making sound decisions.