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Topic: 2014-07-04 Bloomberg.com - Bitcoin Faces Regulatory Backlash as EU Tells Banks.. - page 2. (Read 2352 times)

sr. member
Activity: 406
Merit: 250
http://www.bloomberg.com/news/2014-07-04/bitcoin-faces-regulatory-backlash-as-eu-tells-banks-to-stay-away.html

Quote
The European Commission signaled it will try to impose rules on virtual currencies such as Bitcoin after the bloc’s banking regulator ordered lenders to shun them.

“It’s imperative to move quickly on this issue,” Chantal Hughes, a spokeswoman for Financial Services Commissioner Michel Barnier, said by e-mail today. “The potential for money laundering and terrorist financing is too serious to ignore.”

Far more Euros and USD have been used for laundering and terrorism than any other currency. Same old scare tactics. These slime balls need to clean their own collective porch before they start messing around on ours.
hero member
Activity: 742
Merit: 500
“It’s imperative to move quickly on this issue,” Chantal Hughes, a spokeswoman for Financial Services Commissioner Michel Barnier, said by e-mail today. “The potential for money laundering and terrorist financing is too serious to ignore.”

Glad to see the EU going after the "City of London", HSBC, JP Morgan and the Vatican. The actual (not potential) money laundering and dubious financing are too serious to ignore. Glad to see the EU finally moving on that front.

Also I think this Chantal Hughes, the Mouth of Sau... mouth of Michel Barnier le forgot something... https://www.youtube.com/watch?v=Qh2sWSVRrmo

legendary
Activity: 2097
Merit: 1071
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
regulate what you want, other countries will have other rules. bitcoin will survive. and even this regulation will help BTC in the long run.
sr. member
Activity: 453
Merit: 250
http://www.bloomberg.com/news/2014-07-04/bitcoin-faces-regulatory-backlash-as-eu-tells-banks-to-stay-away.html

Quote
The European Commission signaled it will try to impose rules on virtual currencies such as Bitcoin after the bloc’s banking regulator ordered lenders to shun them.

“It’s imperative to move quickly on this issue,” Chantal Hughes, a spokeswoman for Financial Services Commissioner Michel Barnier, said by e-mail today. “The potential for money laundering and terrorist financing is too serious to ignore.”
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