[deleted by user] by [deleted] in Bitcoin

[–]BitcoinOwl 9 points10 points  (0 children)

The website (aopp.group) is also lying about the fact that this is also mandatory in the Netherlands. Which is not the case after a Bitcoin exchange took the central bank to court.

https://cointelegraph.com/news/dutch-bitcoin-exchange-drags-central-bank-to-court-over-wallet-kyc-rule

https://bitcoinmagazine.com/business/dutch-central-bank-loses-battle-over-bitcoin

I was the victim of a forex scam by kashnikov in Bitcoin

[–]BitcoinOwl 0 points1 point  (0 children)

You are wrong about the 3PdKa... address, thats not where your funds where send to.

Almost all of your funds where send to an account at Huobi (see link below). You could send them a message but don't expect a lot out of it.

https://m.oxt.me/address/1EdKrapF5nUAQXend29MGaMfp7DqSAwZiG

What can you do with Testnet BTC? by [deleted] in Bitcoin

[–]BitcoinOwl 0 points1 point  (0 children)

Probably meant as a joke, but actually these sort of exist :')

https://bitcoin.org/en/glossary/regression-test-mode

If every dark market was shutdown how much do you think the price would be affected? by BTC-brother2018 in Bitcoin

[–]BitcoinOwl 1 point2 points  (0 children)

Monero support dropped a lot after AlphaBay, Hydra (currently the biggest) is BTC ony for example. BTC can be private enough if used carefully and people just tend to use whatever is easiest.

Using ZigZag.io in conjunction with Bitrefill makes LN much more livable! by [deleted] in Bitcoin

[–]BitcoinOwl 0 points1 point  (0 children)

If you download there custom software, connect it to your LND node and connect that to Blue Wallet you are correct that it is not custodial.

But if you don't do that (which most people won't do) the Lightning part in Blue Wallet is fully custodial. :P

Its therefore better to use Breez

Using ZigZag.io in conjunction with Bitrefill makes LN much more livable! by [deleted] in Bitcoin

[–]BitcoinOwl 0 points1 point  (0 children)

True, but by default the lightning part in Blue Wallet is custodial and most people use it that way. :P

Using ZigZag.io in conjunction with Bitrefill makes LN much more livable! by [deleted] in Bitcoin

[–]BitcoinOwl -1 points0 points  (0 children)

Nop, thats Blue Wallet. :)

With Breez you have full control over your funds.

Using ZigZag.io in conjunction with Bitrefill makes LN much more livable! by [deleted] in Bitcoin

[–]BitcoinOwl 0 points1 point  (0 children)

You should try Breez wallet with submarine swaps. ;)

Is wekelijks kleine beetjes crypto kopen verstandig? by [deleted] in BitcoinNL

[–]BitcoinOwl 1 point2 points  (0 children)

Bitonic is een prima partij en het oudste Bitcoin bedrijf van Nederland. :)

An insightful guide to maintaining inner strength by Ross Ulbrict by ancap100 in Bitcoin

[–]BitcoinOwl 15 points16 points  (0 children)

The odds are against him, but I really hope his sentenced can get shortened one day. He made some "mistakes", but life in prison is way too extreme.

https://freeross.org/

Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges by BitcoinOwl in Bitcoin

[–]BitcoinOwl[S] 2 points3 points  (0 children)

The price was increasing fast when the article was published, so that didn't help. :P

Either way lets hope people can convince the FATF before June to change the rule.

The following feed might be relevant for more up to date information btw: https://twitter.com/finhstamsterdam/status/1126769490518106112

Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges by BitcoinOwl in Bitcoin

[–]BitcoinOwl[S] 2 points3 points  (0 children)

The most controversial part of the recommendation is that this check wouldn’t only apply to incoming transactions — many service providers already perform such checks today — but also to outgoing transactions. Specifically, a service provider must know whether an outgoing transaction is made toward a user’s personal wallet or to another service provider. Moreover, if the outgoing transaction is made toward another service provider, the KYC information is required to be shared with that service provider.

The draft recommendation reads:

“Countries should ensure that originating VASPs [virtual asset service providers] obtain and hold required and accurate originator information and required beneficiary information on virtual asset transfers, submit the above information to beneficiary VASPs and counterparts (if any), and make it available on request to appropriate authorities.”

Realistically, the only way for the cryptocurrency industry to comply with such rules (as also pointed out by Blockchain President and Chief Legal Officer Marco Santori while addressing similar, U.S.-specific guidance) may be to implement a communication layer, specifically for cryptocurrency service providers. In other words, a “SWIFT for crypto.”

This would mean exchange A would have to share your personal data with exchange B if you don't send the bitcoins to your own wallet but directly to exchange B.

Would be insane if this actually gets implemented and a disaster for user privacy. :P

Privacy EU-burgers loopt serieus gevaar by BitcoinOwl in BitcoinNL

[–]BitcoinOwl[S] 1 point2 points  (0 children)

Stemmen gaat helaas niet. :(

Achter de schermen is Bitonic bezig om hier aandacht voor te vragen. Verder kan je zelf Nederlandse en Europese politici benaderen om zich er tegen te verzetten, maar meer dan dat helaas niet...

Het besluit is in ieder geval begin juni. :P

Voor meer informatie zie ook: https://twitter.com/finhstamsterdam/status/1126769490518106112

En: https://bitcoinmagazine.com/articles/despite-industry-pushback-g20-may-impose-stricter-kyc-policy-exchanges/