Jul 23, 08:47 PM

EU Plans Comprehensive Asset Registry to Combat Money Laundering, Terrorism Financing, and Russian Threats

The European Union is planning to implement a comprehensive asset registry for all its citizens, aimed at combating money laundering, terrorism financing, and Russian threats. This proposed database would require the registration of all assets, including bank accounts, real estate, precious metals, cars, works of art, shares, and crypto. The move has sparked significant concern among citizens and commentators, who view it as a step towards increased surveillance and control. Critics argue that this could lead to potential privacy violations and asset confiscation, with some suggesting it is a measure to bail out central banks. The proposal is seen by many as draconian and reminiscent of authoritarian practices.

#European Union #Russian

Written with ChatGPT (GPT-4o).

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Tuur Demeester@TuurDemeester
2 years ago
The EU bureaucracy is trying to destroy the “private” in private property. This worries me tremendously. https://t.co/Gm0Q8ZeJP5
zooko🛡🦓🦓🦓 ⓩ@zooko
2 years ago
If you hold Bitcoin you don’t need to do anything because, thanks to the Bitcoin blockchain’s inescapable transparency, all Bitcoin is already registered with the EU. https://t.co/XEjO9Fni4V
zooko🛡🦓🦓🦓 ⓩ@zooko
2 years ago
If you hold Bitcoin you don’t need to do anything to register it with the EU because, thanks to the Bitcoi blockchain’s inescapable transparency, all Bitcoin is already registered with the EU. https://t.co/XEjO9Fni4V

EU Plans Comprehensive Asset Registry to Combat Money Laundering, Terrorism Financing, and Russian Threats

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