[muffinthem]

Laws change as society and technology advances. If your argument is that every permissionless NFT sale is illegal and criminal because it cannot be KYC’d, my argument is that this law is dumb and needs to be rewritten given that many people and companies are now exploring NFTs as legal and taxed income, and most celebrities and companies selling NFTs in the last two years are not going through the same hardships as the OP.

[pjc50]

> permissionless NFT sale is illegal and criminal because it cannot be KYC’d,

Correct. The technology must be changed or you accept that you're evading the law.

Blockchain advocates have long claimed that blockchain would destroy the state. They never seem to have thought about what the state might do in response to threats to its power.

[muffinthem]

What you are suggesting is the criminalization of using Ethereum unless it is through a permissioned company. This would be a laughably draconian legal landscape. China and Russia’s bans on crypto is not something to look up to.

[closewith]

What he’s describing is the actual regulatory environment in the EU.

[closewith]

You have the chain of causation backwards. The law was rewritten, partly because:

> many people and companies are now exploring NFTs as legal and taxed income, and most celebrities and companies selling NFTs in the last two years are not going through the same hardships as the OP.

Which is, of course, a breeding ground for money laundering if exempt from KYC/AML regulation.

[muffinthem]

Does this law target NFTs?

Eventually a democratic society decides on its laws. If the citizens and taxpayers want to buy and sell NFTs on permissionless blockchains like Ethereum without being treated as criminals, the laws will have to change.

[closewith]

I hate to break it to you, but there are many laws which are unpopular with a subset of a population, but which will not change in living memory.

Globally, the trend is towards stricter and more comprehensive regulation of blockchain-based transactions. While you may prefer (as may I) a freer regulatory environment, the pendulum is swinging in the opposite direction.

[muffinthem]

You seem resigned to the fact that any artist that happens to sell above a certain threshold via NFTs will be treated as a criminal, and there is nothing to do but shrug and say that is the way the law is and forever will be in the EU.