over from the bird app via DrNicka:

"I did some digging into this.

It’s real, the EU have put out tenders for people to develop asset register platforms and they do want to force everyone to register all of their valuables in the name of catching money launderers.

Even the CCP haven’t gone to this level of financial surveillance. And I suspect the trend of the EU becoming more like the CCP will continue.

But, I don’t think it has a chance of becoming policy.

Why?

Not because of any kind of democratic process or anything, but because it’s completely unenforceable.

They’d need Hans Landa style raids and shakedowns to check that what people are putting on there is accurate. It simply wouldn’t work, compliance is impossible.

Do they want to do it though? Absolutely.

So it will creep in through different vectors. Any vendor selling anything above a threshold value will have to doxx the purchaser (or else). Any trade above peanuts size will go into EU level transparency databases. Cash will die.

Crypto is a threat to this extreme surveillance of course, which is why they’re trying to turn every crypto thing into a “VASP” that has to doxx and record everyone’s activity.

The very obvious direction of the EU is centralised ultra surveillance and paternalistic regulations for basically everything. Digital IDs pointing to aggregated centralised data sets and CBDCs are the very real and near target. They’d roll it out today if they thought it was feasible. They’ve been working on the tech for years.

Will it stop money laundering?

lol, obviously not."