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EU moving towards total monetary surveillance and banning all anonymous payments (lemmy.ml)

submitted 4 months ago* (last edited 4 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml

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How to contact your MEP: https://www.europarl.europa.eu/portal/en/contact

Source: https://snort.social/nevent1qqsvcedd6dg39eh6633uqqff0p9h2zqyhu3zd6kwyyhzqj7da02x4pszyqe2wpknmwkyd0t295d5ezvtaxr00ngxjtcfuct8pfvyec3snckpwqcyqqqqqqgz2f7lp

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[-] cupcakezealot@lemmy.blahaj.zone 68 points 4 months ago

sorry but banning anonymous payments is pretty good for fighting corruption...

[-] tooLikeTheNope@lemmy.ml 21 points 4 months ago* (last edited 4 months ago)

Consumers payments deserves their privacy, but business ones needs absolutely to be fully traceable.

Could it be possible to use two different yet identical interchangeable currencies, one traceable for making business only, and one untraceable for consumers retail transactions?

loosely i.e.

wages are Business currency converted and paid in Consumer currency, accounted for the amount paid to the consumer in his name
end-users/home/consumer purchases are made from consumers anonymously in Consumer currency, and this is converted converted into Business currency upon transaction, keeping only the consumer name anonymous but tracing everything else
B2B transactions are made in Business currency, fully traceable

... I don't know there is probably still a loophole

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this post was submitted on 21 Mar 2024

570 points (88.9% liked)

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