The European Council agreed on its position on an anti-money laundering (AML) regulation and a new directive (AMLD6) aimed at protecting EU citizens and the EU’s financial system against terrorist financing. The directive includes a limit on cash payments exceeding €10,000. Member states will have the flexibility to impose a lower maximum limit if they wish.
The directive, when introduced, would significantly strengthen existing anti-money laundering and terrorist financing rules, which require businesses and individuals to apply customer due diligence, including identifying and verifying the identity of the customer as well as the beneficial owner, for transactions in cash exceeding €10,000. Suspicious transactions must be reported to the financial intelligence unit of the EU country.
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Well, George Orwell did warn us about the shit that's about to come, but who was there to pay attention to his nonsense, who was there to listen to David Icke who's been preaching about pretty much the same shit, the state becoming a totalitarian overlord and the world we currently live in a giant open space digital prison. €10,000 is not a sum most of us are transacting on a daily basis, but nevertheless, it's our right to privacy.
The narrative, of course, is that such laws would protect us from money laundering and terrorism funding, but let me remember you that not so long ago Deutsche Bank was accused of money laundering $250,000,000 and the bank did nothing but pay the fine, and move forward with it. Money laundering will carry on with or without such laws as the one proposed by the European Council.
Some say that Bitcoin is appealing to criminals and money launderers, but these are small percentages compared to the total of transactions being conducted on the Bitcoin blockchain. However, such policies of the governments showing their sharp wolf teeth are once again a reminder that we need "better money". Arthur Hayes forecasted Bitcoin, somehow, a few good decades ago when he said that through some roundabout method, we should take the money out of the hands of the governments/central banks.
Before it's too late... and at some point, it will be too late. Modern vehicles can easily be electronically hacked and remotely controlled for sinister purposes, leaving virtually no evidence trail and as of 2026 a kill switch will be a mandatory feature on new vehicles, switch to which the access needs to be granted to the government/law enforcers. They can't do that with my good old diesel, though, but they will be doing it on these shitty EVs everybody brags about.
Climate lockdowns are already being talked about quite often lately and some of the big cities will be the subject to such abuses of power once again. Couple these with digital IDs, social credit scores, CBDCs(programable money), and remote-controlled vehicles and we will end up living in an open space digital prison. Hence we need better money, asap...
You know the saying: he who controls the money supply of a nation controls the nation. Well, change the term nation with individual and you'll find yourself in a tricky equation to escape from. Bitcoin is the money of the people, Hive is the platform of the people. Hence we can say that Bitcoin coupled with virtual societies such as Hive can become a relief for us from the dystopian future that awaits for us.
No one can ban any transaction on the Bitcoin blockchain, same goes for Hive. No one can ban me from expressing myself freely on Hive either, thus we need to start using the damn "better(decentralized) money" we have(Bitcoin), and stop fooling around with Facebook and other shitty similar application. Australian Facebook users will have to go through a check-up procedure involving linking their accounts with their personal IDs in order to be able to further use Facebook and based on their posts the authorities can fine them, drag them to courts and probably even imprison them.
All of the above in the name of fighting "hate speech", "climate change" and "money laundering". Time is ticking away and we really have to make the switch. These fuckers are clear about their purposes and once caught in the matrix it will be hard to escape from it. We can't say we don't have the tools at hand to start such a revolution. It's on us to make it happen...
Thanks for your attention,
Adrian