Topic: [2017-12-27] EU Finance Commissioner: The Political Body Has No Plans to React t (Read 117 times)

EU Finance Commissioner: The Political Body Has No Plans to React to Bitcoin

Some members of the European Union have been discussing the popularity of the decentralized currency bitcoin, and the EU’s political body recently added “digital currencies” to its anti-money laundering statutes. However, the EU commissioner for financial affairs, Pierre Moscovici, explains in a recent interview that at this stage politicians have no plans to “react” just yet to the bitcoin phenomenon.

The EU Adds Digital Currency Definitions to Existing Legislation, But the Financial Commissioner Says the Political Body Has No Current Plans to Regulate Bitcoin
EU Finance Commissioner: The Political Body Has No Plans to React to Bitcoin
European Union financial affairs commissioner, Pierre Moscovici.
Bitcoin is trending worldwide, and regulators and bureaucrats from individual countries are discussing the subject quite heavily. Political bodies from the U.S., Asia, and EU have been talking about the many ways they can regulate the cryptocurrency by clamping down on bitcoin businesses and exchanges. Politicians from the EU particularly have been concerned with terrorism financing, money laundering, and tax evasion that they believe can be tied to cryptocurrencies. News.Bitcoin.com recently reported on European legislators adding digital currencies to the Fourth Anti-Money Laundering Directive which basically considers currencies like bitcoin to be a “monetary instrument.”

Although spectators believe the EU is “cracking down” on cryptocurrencies the European Union commissioner, Pierre Moscovici says the political body has no plans to regulate them at the moment.


source: https://news.bitcoin.com/eu-finance-commissioner-the-political-body-has-no-plans-to-react-to-bitcoin/