@thedessertlinux's thread
I think the "EU bans privacy coins" thing is FUD.
It's just an implementation timeline of what we already knew, namely:
👉 Anonymous custodial accounts are banned (non-custodial crypto wallets don't need to KYC)
👉Custodians need to be able to prove origin of funds (can't do that with Monero)
Both Zcash and Firo (to my knowledge) implemented exchange-only addresses so that custodians could still prove origin of deposited funds.
Dash's privacy roadmap doesn't prevent this from being able to happen either.
So from my understanding, this only affects custodians, and largely means they can't support Monero. But privacy isn't banned in the EU!
Again, I could be wrong, but I read the law when it was first proposed, then enacted. Show me where it categorically says privacy coins are banned.
