EU Hits X with €120 Million Fine as Crypto Privacy Faces Major Threat
The post EU Hits X with €120 Million Fine as Crypto Privacy Faces Major Threat appeared on BitcoinEthereumNews.com.
The European Union just imposed its biggest tech penalty under new digital rules, fining Elon Musk’s X platform €120 million for breaking transparency laws. This marks the first major punishment under the EU’s Digital Services Act, but the real story goes much deeper than one social media fine. The December 5, 2025 ruling signals a growing war on digital privacy that could destroy cryptocurrency’s core promise of financial freedom. European regulators are building a surveillance system that targets everything from social media to crypto transactions, threatening the very foundations of digital asset privacy. What X Did Wrong The EU found three major problems with X’s operations. First, the platform’s blue checkmark system misleads users. Before Musk bought Twitter, these badges verified real public figures like politicians and celebrities. Now anyone can buy verification for about €7 per month without proving their identity. European regulators say this fake verification exposes users to scams and impersonation fraud. The system makes it nearly impossible for users to tell if accounts are real or fake. The platform also blocked researchers from accessing public data and failed to provide transparent advertising information. These violations directly break EU rules requiring large platforms to be open about their operations. Source: @EU_Commission X now has 60 days to fix the verification problem and 90 days to submit plans for other issues. If they don’t comply, the fines could get much bigger. Europe’s War on Privacy Tools The X fine is just the beginning. European authorities are shutting down crypto mixing services and building new surveillance systems. Between November 24-28, 2025, officials seized €25 million in Bitcoin from Cryptomixer, a service that helped users hide their transaction history. The EU’s “Chat Control” proposal reached agreement on November 26, 2025, but shifted to voluntary rather than mandatory scanning. The legislation…
