From: matt hill (start9) Please convey this message to the Haven/Monero communities: we love that you are taking the initiative to add new services to the Embassy platform. But as I have expressed to David Bandtock and others in the community, Start9 will not make these services available until after SSD support is added. We do not (cannot) operate on exact timelines. You can count in weeks and on 2 hands, that's

as good an estimate as I can give.

Embassy nodes don't work with SSD? Pretty weird

seems bitpay won't even work out KYC anymore for payments, citing some european regulation that iirc they don't bother to name. any idea what it might be?

kayront: what do you meant Bitpay won't even work out KYC for payments?

it asks you to sign up now before paying

and there's a note saying they need moar info because of some eu reg

i used a temp mail to try it out and "there was an unexpected error" so I didn't get to see the entire flow

but found some vaguely recent posts of people saying it's a passport pic they want

lol.

Friendly reminder of btcpaysever existance.

you don't have to tell me rottenwheel :D

Alright then.

kayront: does that include payments under $3k or so?

kayront: the 5th Anti Money Laundering Directive states that KYC most be conducted for any payment over €150.

It's up to member states to enforce this, under their own national frameworks.

*must be conducted

Has anyone ever used btcpayserver for Monero?

I know of several people who use it currently

CoinCards is one of them

Andreas Antonopolous another

Yup

it seems xmr brigading on twitter has picked up in later months

Brigading or engagement?

Brigading implies coordination, which I'm not aware of any.

Fair. I retract brigading.

Engagement is up, quality is variable. But there seems to definitely be increasing levels of engagement

There has definitely been a large increase on Monero support/engagement over the past 6mo for sure.

also a 2x of cake wallet downloads

Definitely some reply spam I don't like and discourage, but also lots of great new content and contributions

yeah a bit of both

<Inge- "also a 2x of cake wallet downloa"> Lots and lots of great adoption/usage increase metrics

while this is not the place to discuss price, there are very interesting similarities in the price charts of BTC and ETH and XMR since pre-2017 pump and up until December of last year

Would be great to see price mirror usage increases for sure 🙂 Quite the disparity, for now.

Inge-: XMR lags ETH which lags BTC

That's it basically

yeah it looks very much like that. And the increasing engagement is encouraging. Atomic swaps and broader adoption would be amazing

<midipoet> kayront: the 5th Anti Money Laundering Directive states that KYC most be conducted for any payment over €150.

what the f....

that's absurd!

isn't that mostly related to e.g. pre-paid cards?

i think so, that can't be it

"After 4AMLD cut the monthly transaction limit on anonymous prepaid cards to €250 (a measure to combat terrorist financing), 5AMLD sets an even lower limit of €150: this limit also applies to the amount that can be stored or topped-up on the cards. The 5AMLD limit means that firms will be required to carry out identity checks on customers using prepaid cards funded with more than €150.

Similarly, anonymous remote or online transaction limits are reduced to €50."

ooof. the last sentence sounds like the death knell for xmr.to

wow, that's incredible

(as in ridiculous)

Yes, the last sentence is what I was referring to. It was added through a very opaque process, about 12 months ago, afaiu

I thought it was €150 though, if I am honest

that's bullshit, so if enforced anything we want to pay xmr with online requires doxxing, that's insane

midipoet: any idea who was the sneaky bastard(a) who added that ?

Oy the language.

I wonder at what point they make the net so tight the system breaks

what i find amazing is how little by little by little some more freedom is lost, and suddenly you find yourself in a situation where you can't buy a 51€ item without the government knowing

one imagines this will later be used as justification for lowering physical cash amounts as well, after all it's been working online so well for so many years

there are already pretty clear rules from this past decade making purchases over like .. €2000-3000 illegal if cash

and each step of they way, you're exaggerating, you're being paranoid, if you have nothing to worry you have nothing to worry about, it's to catch criminals, etc

yes Inge-, that's my point - since we have those limits already, why make it so drastically lower online? i find 3000 ridiculous already to be honest, especially since it's not inflation adjusted (afaik).. but 50€ is unworkable, simply

How about everyone shifts to trading directly in XMR?

if you run a *business* you will not for long ...

trading is great sech1, but with this rule you can't even buy 100€ worth of electronics without the merchant doing KYC on you

as an individual, I can still buy your rtx3090 for €100 000 with no oroblem

unless the rule applies only to payment processors? I am not sure midipoet Inge-

and if it does, I figure if things go the btcpayserver-everywhere route, soon enough that won't be true anymore

kayront I'll find a bum on street and he'll buy rtx 3090 for me

for a bottle of vodka

i don't think we're currently appreciating how much of a dampener this silly rule will be for monero adoption - if every merchant has to KYC you for anything above 50€, it's not gonna happen

soo... I would not be able to buy a Ledger without full KYC

fub times

fun*

fud times

i'm hoping this would only apply to payment processors, but I think it's clear, as I wrote above, that if that's the case now, it won't stay that way for long if merchants start taking sats and piconeros into their own hands

fubar times*

continuing to develop privacy/anon tech is absolutely essential, but I'm beginning to get the feeling that unless local rules are changed by local pressure in multiple offending countries at the same time, it's only gonna get worse

To combat the risks related to the anonymity, national Financial Intelligence Units (FIUs) should be able to obtain information allowing them to associate virtual currency addresses to the identity of the owner of virtual currency. In addition, the possibility to allow users to self-declare to designated authorities on a voluntary basis should be further assessed.

that was a given the moment there were public addresses and balances

monero fixes this, of course

I want some authority to ask me for my virtual currency addresses. Then just send them a newly generated subaddress

Would be pretty funny

My virtual currency address is 127.0.0.1

or rather 127.0.0.1:18081