EU Restricts Bitcoin to Curb Funding of Terrorism – Bitcoints


Published on November 20th, 2015 | by bitcoin


EU Restricts Bitcoin to Curb Funding of Terrorism

EU Restricts Bitcoin to Curb Funding of TerrorismReuters/Benoit Tessier

European Union countries plan a crackdown on virtual currencies and anonymous payments made online and via pre-paid cards in a bid to tackle terrorism financing after the Paris attacks, a draft document seen by Reuters said.
EU interior and justice ministers will gather in Brussels on Friday for a crisis meeting called after the Paris carnage of last weekend.
They will urge the European Commission, the EU executive arm, to propose measures to “strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards,” draft conclusions of the meeting said.
Electronic anonymous payments can be made also with pre-paid debit cards purchased in stores as gift cards.
EU ministers also plan “to curb more effectively the illicit trade in cultural goods,” the draft document said.


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