EU Plans Comprehensive Database and Asset Registry of Citizens to Combat Money Laundering and Terrorism

Jul 23, 2024, 08:05 PM

The European Union (EU) is planning to create a comprehensive database and asset registry of all assets owned by its citizens. This initiative aims to combat money laundering and terrorism financing. The proposed registry would include details of bank accounts, cryptocurrencies, real estate, precious metals, cars, watches, and art. Critics argue that this move represents a shift towards a dystopian control society and raises concerns about potential asset seizure and increased governmental control over personal wealth.