Hintertüren? Europäisches Parlament verabschiedet Gesetzesentwurf, der Krypto-Firmen zur KYC von nicht-vertrauenswürdigen Wallets verpflichtet

That all seems kind of silly. Currencies, whether digital or fiat, can be held in a physical wallet. Does a designer leather company inventory and track your physical Euros just because they made your leather wallet???

I do not see why this is so hard for governmental types to understand. There is an exchange rate. Deal with it on the trading side, just like normal currency unless you are dealing with a specialized blockchain that is determined to mimic securities.

What is painfully obvious is the jig is up on governments printing money and wantonly controlling their citizens by their local currencies. They’re losing that type of control with sometimes more valuable and often times more stable cryptocurrencies.

> So trezor will require buyers to send them passports and proof of address and proof of income and source of wealth before they ship it?

No, that is not how the law works.

The way it works is that any bitcoin you acquire that gets it’s keys stored in the Trezor, needs the buyer (you) to provide the seller (other) a message signed with the key of the receiving address that states all your KYC info.

Since Trezor isn’t providing you bitcoin, they don’t need to collect the KYC data. Their sister company SlushPool is likely to need to do some KYC stuff, but not Trezor.

The fall of Europe, in so many fields, will be studied in history books.

Lol nope no backdoors what are you Smoking?

Why should trezor send all transaction to a government?
The government can jsut atvtge blockchain, it public
Also trezor doesn’t know what addresses are generated by a Hardware wallet.

Watch [this space](https://trezor.io/transparency/canary.txt) for the updated Canary File! This is where such changes would be pointed out by Trezor.

There is an update due sometime in the next 2 weeks after that it will be 6 months.

I think this issue is eventually going to cause more countries to leave the union. Bitcoin in particular is heading in the direction the WWW was when it was first released. Countries will eventually be forced to choose between the EU and their economy if I’m right about the technology. Countries will have to compete (become more free) or die once people have monetary freedom.

I’m interested in the idea of an open hardware wallet that can be built with 3D printers, etc.

Also, hopefully (unlikely) Europeans will realize that their big government tendencies are suicidal.

„Further, VASPs will be required to report all crypto transactions worth more than 1,000 EUR to relevant anti-money laundering authorities.“

Just a heads up. If you’re paying 1000 Euro, you might be too dumb for crypto.