EU to Vote on New Draconian AML Package for Service Providers on April 22nd

- The sweeping AML package aims to eliminate anonymous cash payments over €3000 in commercial transactions and prohibit cash payments above €10000 in business transactions. It would also require AML/KYC checks on all bitcoin payments to custodial wallets operated by regulated service providers.

- "The prohibition does not apply to providers of hardware and software or providers of self-hosted wallets insofar as they do not possess access to or control over those cryptoassets wallets."

https://www.nobsbitcoin.com/eu-inches-closer-to-new-draconian-aml-agreement/ 

 LOL get fucked EU https://image.nostr.build/5e160c2d122d54d424e6c2b27df6136169170cadc5c7f511ab34fd966f558646.jpg 
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 The United States set the AML limit at $10k half a century ago, when you could buy a nice car with that.

Now thanks to inflation, you can't get your air conditioner replaced without the bank having to investigate to make sure your not with the Mafia or whatever.

€10K today; in ten years that'll be like your monthly rent.  

 This is why bills that are passed without inflation in mind are broken. Tax bills try this move. 

 You mean in 2 wks rent will be €10k 😂