04-02-2022, 05:45 AM
People worried about the upcoming EU rules.
<!-- SC_OFF --><div class="md"><p>I have been thinking about it for a while, and what really stands out to me is....how is this different from what we have now in most European countries?</p> <p>Yes, you wil need to kyc the wallet you use to withdraw from exchanges with, but what is stopping you from sending it to a third wallet afterwards? the rules will be enforced by exchanges, not in the defi space itself.</p> <p>​</p> <p>Am i being silly or it that simple? the new rules will force people to hold an extra wallet to continue to operate in anonymity.</p> <p>​</p> <p>Then there is the issue of people having to declare where the funds came from when depositing into an exchange and wanting to withdraw to a bank account.</p> <p>​</p> <p>Well, is` this not the case right now? when you gain a sum of money, will the taxman not ask where you got it from? if you live in a country with some really hardass rules on taxes that require you to go full source, yes it can be rather difficult to explain you earned it through, staking, crowdloans, nft´s etc.</p> <p>But other than more paperwork, isn´t this something we were already doing?</p> <p>​</p> <p>don't get me wrong, i am all for doom and glome every now and then, but i just don't see it here.</p> <p>​</p> <p>Ofcourse i never enjoy regulations, it comes with the territory of being in crypto. but i am definitely not at, sell my crypto now level, not even close.</p> <p>​</p> <p>If i am missing something obvious please help me panic .</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ThomasReturns"> /u/ThomasReturns </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttokgs/people_worried_about_the_upcoming_eu_rules/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttokgs/people_worried_about_the_upcoming_eu_rules/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I have been thinking about it for a while, and what really stands out to me is....how is this different from what we have now in most European countries?</p> <p>Yes, you wil need to kyc the wallet you use to withdraw from exchanges with, but what is stopping you from sending it to a third wallet afterwards? the rules will be enforced by exchanges, not in the defi space itself.</p> <p>​</p> <p>Am i being silly or it that simple? the new rules will force people to hold an extra wallet to continue to operate in anonymity.</p> <p>​</p> <p>Then there is the issue of people having to declare where the funds came from when depositing into an exchange and wanting to withdraw to a bank account.</p> <p>​</p> <p>Well, is` this not the case right now? when you gain a sum of money, will the taxman not ask where you got it from? if you live in a country with some really hardass rules on taxes that require you to go full source, yes it can be rather difficult to explain you earned it through, staking, crowdloans, nft´s etc.</p> <p>But other than more paperwork, isn´t this something we were already doing?</p> <p>​</p> <p>don't get me wrong, i am all for doom and glome every now and then, but i just don't see it here.</p> <p>​</p> <p>Ofcourse i never enjoy regulations, it comes with the territory of being in crypto. but i am definitely not at, sell my crypto now level, not even close.</p> <p>​</p> <p>If i am missing something obvious please help me panic .</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ThomasReturns"> /u/ThomasReturns </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttokgs/people_worried_about_the_upcoming_eu_rules/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ttokgs/people_worried_about_the_upcoming_eu_rules/">[comments]</a></span>Kind Regards R