The EU wants to know EVERYTHING about you and your crypto (+ Pengu news)

laatste update: 11-2023

Some big stories last week. Foremost among them of course the Ronin Hack – just an incomprehensibly casual attitude towards operational security. $600m gone and it took them nearly a week to spot it. I still can’t quite believe how utterly dumb it is. But the story I was keeping closest tabs on was the EU parliament vote on measures to dramatically restrict the free movement of crypto from exchanges specifically to unhosted wallets. All of that.. Oh and some pengu news.

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17 gedachten over “The EU wants to know EVERYTHING about you and your crypto (+ Pengu news)”

  1. Thank you for covering the EU disaster. Just wondering why that blindsided us so much, especially since you're based in the EU.
    But the more important thing now is what we can still do to at least mitigate the catastrophic consequences. Please cover that as well. I sincerely hope I'm overreacting but this really gives me the "End of DeFi in Europe" vibes and somehow the crypto folks seem to be treating it like a rather regular bad regulation news story and not much more.

  2. I assume you advertising this usdbalace thing means it’s legit and I can pile in an earn a juicy 30% on my stables, right?

  3. Thanks for the great video! Be very careful when you ram the knife into the board like this. I've seen people slipping off the handle with their entire hand by putting too much pressure on it, slipping down the blade and cut open all 4 fingers. It's a mess when this happens! Just saying… 😁

  4. Still waiting for a law voted by EU parliament that actually benefits it's people

  5. The EU is only pushing these regulations as testbed of what people are willing to accept for a CBDC. In fact, once these regulations are in place, they'll have a new normal to work with. This is exactly why crypto holders need to stay ahead of lawmakers. It's difficult to apply such harsh and not-so-well-thought regulations when crypto adoption is high and moving fast. It's true that a lot of money still refuses to enter into the crypto market because of a lack of regulations, or at least clear regulations, but they can be forced to buy in as crypto increases in utility and resilience faster than governments can act to prevent crypto as getting in the way of their CBDC goals.

  6. < I totally agree with what you are saying….The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Marcus Bryan..

  7. Wow usdb seems like it’s the next anchor protocol but better. Did a lot of research and I think there is some real potential there.

  8. that knife flip makes me feel pain even though i am at a safe enough distance

  9. Crypto people can't seem to understand the fact that not knowing where money circulate = no way of checking taxes = no more taxes in the future = no more governments = no more society. Just scary to think that cryptobros just prefer to ditch governments alltogether with no replacement, or just don't think about the consequences of their actions. The replacement will be corporations thanks to you…

  10. I wonder how many people who have commented are actually Europeans… Anyway, speaking for myself, it took only 5 min to complete de KYC requierements from Binance. They only ask for ID verification and proof of address.

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