<html> <p><img src="http://www.cryptomat.com/wp-content/uploads/2016/02/european-commission-building-flags.jpg" width="610" height="407"/></p> <p><br></p> <p> During the last couple of years, there have bene numerous reports pointing out that bitcoin can be used to finance terrorist activity, yet no proof has been shown in this regards.Nonetheless, according to recent reports, it seems like the European Commission is planning to end all anonymous Bitcoin transactions, in order to limit money laundering, the funding of terrorist activity, and illegal transactions in the region.Based on this, the European Commission published a report, where they discuss the Action Plan- a plan meant to strengthen the EU’s fight against terrorism and other illegal activities. As criminals are constantly looking for new ways to send and receive cash undetected, bitcoin can provide provide them with the optimum solution.To put things better into perspective, the plan aims to put all Europe-based Bitcoin exchanges under the European Anti-Money Laundering Directive. Once this is done, exchanges will have to report to the directive about their latest transactions, where they were carried out, the time when they happened, alongside with whom the persons involved in the transactions were. Together with this, the report also talks about digital currency wallet providers, which may be included in the action plan. However, the European Commission will carry out an analysis and determine whether this practice would be worth it.While Bitcoin users throughout the European Union have all the rights to be upset, they won’t be the only ones to be affected. The action plan also talks about tougher regulation for those who use prepaid credit and debit cards. While the technology allows people in the poorer sides of society to issue and receive payments easier, the EC is upset, as there’s no direct control over who gets access to these cards, and how they are used.Regardless of whether the plan is put into action or not, terrorists will simply start looking for other ways they can launder cash, and chances are, that they’ll find them.Based on everything that has been outlined so far, what do you personally think about the EU’s action plan? Will it be put to use? If yes, how will it affect the popularity of bitcoin throughout Europe? Let us know your thoughts in the comment section below. </p> </html>
| author | csrolex |
|---|---|
| permlink | the-eu-plans-to-stop-anonymous-bitcoin-transactions |
| category | bitcoin |
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| author | nastrom |
|---|---|
| permlink | re-csrolex-the-eu-plans-to-stop-anonymous-bitcoin-transactions-20160717t135003870z |
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Super post
| author | tiomengoldta |
|---|---|
| permlink | re-csrolex-the-eu-plans-to-stop-anonymous-bitcoin-transactions-20170806t215420345z |
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