The European Union vs. Self-Hosted Crypto Wallets



This episode is sponsored by Nexo.io, Arculus and FTX US.

The EU Parliament today voted to advance new anti-money laundering (AML) rules that would require European crypto asset service providers to collect and verify information about the beneficial owners of all self-hosted (or “unhosted,” to use their terms) wallet owners. The crypto industry sees this as a fundamental threat to decentralized finance (DeFi) and many other parts of the industry. NLW explains sentiment on both sides and what happens from here.


Clickbank Promo Tools

Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31.

Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com.

FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.

Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, TX. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.

Enjoying this content? SUBSCRIBE to the Podcast Apple: Spotify: Google: Join the discussion: Follow on Twitter: NLW: Breakdown: – “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “I Don’t Know How To Explain It” by Aaron Sprinkle. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

source

9 thoughts on “The European Union vs. Self-Hosted Crypto Wallets

  • April 6, 2022 at 12:38 pm
    Permalink

    ><great post Very detailed and accurate video that you posted, buddy, I love your content. It's funny how some people out there still haven't accepted that crypto currencies continue to change the world globally. It's hard these days for anyone who is against it. What I feel from a trader's perspective that we really need more experts in the field to educate newbie’s / investors on how the community works, the price of BTC has been fluctuating lately which means the market is currently open and you are not Be able to tell whether it is going to be too bearish or bullish, this uncertainty pushes most traders away and forces investors to hold on. I would say it is completely wrong to just sit back and wait for a few losses is perhaps the wrong mindset for an investor because, as an investor, you will find ways to keep getting and topping up more and more coins should be our top priority, to make a profit. It all depends on the pattern you are trading in and the source of your strategies as well. I started with 0.2 BTC and have accumulated over 4.5 BTC in just 3 weeks, with the correct trading strategy given to me by an experienced trader, Mr. Edward Rowe. His methods are top notch and profitable and he can easily be contacted via Telegram: @EdwardRowe

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    If we all keep our crypto in self-hosted wallets, they can't do much to us, can they? I mean, if we interact with each other through this kind of wallets, then they can't track and crack down on anything.
    Sure, centralised exchanges have some advantages, but I prefer privacy over some advantages. Also, some may wonder how to withdraw money from ATMs. Well, that's the whole point of crypto – to get rid of fiat money and the traditional banking system.

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    Alright what the fuck can we as European citizens do?
    Fuck this idiots they decide for us what is good. This politicians are full of shit and yet again they prove it to us.

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    the rise of dex begins

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    I hate Angela Merkel shaky witch

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    Well spoken. With this typical EU attitude we will probably miss again a whole new innovation. Very short-sighted. I honestly don't understand why the EU doesn't coordinate this with the US.

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    < 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 Gallen Reed…

    Reply
  • April 6, 2022 at 12:38 pm
    Permalink

    Prepare to enter the digital dollar prison, folks.

    Reply

Leave a Reply

Your email address will not be published.

%d bloggers like this: