Currently it is no longer a secret for anyone that cryptocurrencies are widely accepted by people who live on the Internet, and are already used daily to make purchases and between people and even between stores, the freedom they generate as well as the The taxes that these generate for their users have made them very popular because apart from being completely free and offering unlimited transactions at great speed, they also offer you anonymity, something that is really important for the security of any person.

This is compromised thanks to a law that the European Union is trying to approve where they prohibit the use of Bitcoin ethereum and zcash to carry out anonymous transactions and even stricter because the law requires all exchangers and marketers to have a database with the users as well as their personal data.

This is a strong blow to the anonymity that they provided and the utility that this generates, as well as the acceptance of many people who simply do not want anyone to know what their annual income is or simply how much they have saved in cryptocurrencies.

This is clearly a setback for everything that had been advanced regarding the issue of decentralized financial systems since now it will be necessary to fill out a form with personal data, which removes the anonymity property that they provided.

Of course, all this is not 100% approved, but this month another meeting will be held with the representatives of the European Union to define what will be implemented and what new laws will come for the world of cryptocurrencies.

This is a clear setback to everything that had been advanced, what regulations of this type do is generate distrust for a group of users who were already accustomed to working under the decentralized system since this, by its nature, has great advantages for its Contrary to the centralized financial market, it can also be mentioned that this will greatly affect the price of crypto assets, if approved, since many people would have to pay a large sum of taxes when their wallets are revealed. Be careful, these laws will only be applied in Europe, let's just hope that this atrocity does not reach the American continent.