Let's get one thing out of the way first. Of course, I consider some points to be a bureaucratic disaster, especially for the retail market. At the same time, I also see that, at least in the short to medium term, stricter regulation could and certainly will lead to international competitive disadvantages for the European market.
Nevertheless, in my opinion at least, not everything is as bad as it is communicated in or on many crypto-friendly media or channels. Quite the opposite. I think regulation is an important step towards adaptation. Now, as always, implementation is not always what the individual would perhaps like it to be. That, too, is democracy. Nevertheless, I am much happier to see EU activity in the crypto market instead of just waiting and watching from the sidelines to see what is conjured up in the US.
For i.a. $BTC (-0,53 %) from 01.01.2025, there will be an obligation to provide evidence for Satoshi with a value of €1000 or more when these are deposited on exchanges. This is likely to be a challenge, especially for all those who (hopefully) hold their BTC in cold wallets.
It will certainly take some time before user-friendly concepts for verification are implemented. The reason is the anonymization through multiple addresses of the wallet manufacturers. However, as the volume of the EU market is not entirely insignificant, albeit not as huge as that in the USA, some large platforms will certainly take the first steps soon and others will follow suit to avoid losing customers.
However, as I expect further partial sales in Q1 in line with my plan and do not assume that the implementation will work smoothly overnight (or at least within weeks), I will therefore transfer everything that I foresee wanting to sell in Q1 to an exchange before the turn of the year.
How do you handle this?
P.S.: As always, the spelling mistakes are intentional in order to prove beyond doubt that the text was written by a homo sapien.