I don't see anything that directly impacts p2p either, just the on and off ramps. There does seem to be a requirement of surveillance of what coins do before and after which can have a chilling effect. That's not new, just worse because it's the law rather than 'voluntary' (arguably illegal, because GDPR) behavior by exchanges.
31b is new in the same sense: some companies already demanded address verification but this is illegal under GDPR because you can't collect data without a legal basis. Bitonic was forced to do this by the Dutch central bank. They went to court and won. Other companies are to cowardly to do the same and the privacy regulators don't have time to fine them for knowingly violating GDPR. The difference is that this new law provides the missing legal basis.
Anyway that's my understanding so far which could be wrong.
provoost / Sjors Provoost
npub1s6…dwk4c
2024-03-23 08:56:52
in reply to nevent1q…vz5s
Author Public Key
npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4cPublished at
2024-03-23 08:56:52Event JSON
{
"id": "0cce1c108564dc4f8063d3236b6d046d5ac10a22d3f2ccd64d79ef375c5f7d15",
"pubkey": "8685ebef665338dd6931e2ccdf3c19d9f0e5a1067c918f22e7081c2558f8faf8",
"created_at": 1711184212,
"kind": 1,
"tags": [
[
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[
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],
[
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],
"content": "I don't see anything that directly impacts p2p either, just the on and off ramps. There does seem to be a requirement of surveillance of what coins do before and after which can have a chilling effect. That's not new, just worse because it's the law rather than 'voluntary' (arguably illegal, because GDPR) behavior by exchanges.\n\n31b is new in the same sense: some companies already demanded address verification but this is illegal under GDPR because you can't collect data without a legal basis. Bitonic was forced to do this by the Dutch central bank. They went to court and won. Other companies are to cowardly to do the same and the privacy regulators don't have time to fine them for knowingly violating GDPR. The difference is that this new law provides the missing legal basis.\n\nAnyway that's my understanding so far which could be wrong.",
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}