Published on November 20th, 2015 | by bitcoin0
Paris Attacks prompt Bitcoin Crack Down in EU
One crucial item on the agenda is a planned crackdown on virtual currencies and anonymous payments made online and through pre-paid cards.
According to draft conclusions of the meeting, European interior and justice ministers will urge the European Commission (the EU executive arm) to propose measures to strengthen the controls of non-banking payment methods.
These include electronic/anonymous payments, virtual currencies and the transfers of gold and precious metals by pre-paid cards.
The most common virtual currency, Bitcoin, is used as an online method of making money anonymously and quickly around the world without the need for third-party verification.
In addition, anonymous electronic payments can be made via pre-paid debit cards bought as gift cards in stores.