Tax income I guess is the driver for regulation. Of course, they won’t tell you. Instead they like to talk about people protection, fairness, fighting crime, money laundering, whatnot. Ask the EU politicians, if there is something the EU is good at, it’s regulation of EVERYTHING.
Good one. What happens when nobody knows I have Bitcoins, since I take self custody and use P2P means without any element of KYC? Can there be restrictions too? Trying to understand how the regulation or deregulation works.
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May I ask how you go about this? Ive been heavily considering going this route instead of using the services I currently use that require KYC. I self custody but I'd prefer to keep the fact that I even have the assets to myself.