EU hates Bitcoin - page 2. | Bitcointalksearch.org

MaleKing

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Quote from: frankie2712 on February 18, 2018, 02:29:02 PM

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh

Do you have any evidence to prove it or is this just your opinion? We would like to see facts.

Quote from: Shrinath on February 18, 2018, 03:50:11 PM

That is absolutely true. The EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money. The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future.

New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. It will include rules forcing traders to reveal their identities in some circumstances. Under an EU-wide plan, online platforms where currencies are traded will be made to carry out due diligence on buyers. The UK government is currently negotiating amendments to the fourth anti-money laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into anti-money laundering and counterterrorist financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update legislation to bring virtual currency exchange platforms into anti money laundering and counter terrorist financing regulation. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust

Regulation doesn't mean that they are actually hating Bitcoin. Regulations are necessary to integrate the new blockchain technology in our society and make it more secure overall.

boboking

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Quote from: Shrinath on February 18, 2018, 03:50:11 PM

That is absolutely true. The EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money. The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future.

New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. It will include rules forcing traders to reveal their identities in some circumstances. Under an EU-wide plan, online platforms where currencies are traded will be made to carry out due diligence on buyers. The UK government is currently negotiating amendments to the fourth anti-money laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into anti-money laundering and counterterrorist financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update legislation to bring virtual currency exchange platforms into anti money laundering and counter terrorist financing regulation. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust

First if they regulate crypto currency it does not mean they hate it actually the more obvious reason for regulation is they want to get their cut. If they are going to earn something from crypto currency then i am pretty sure they will fall in love with bitcoin. The money that it can produce for the government will be big.

Now for the terrorist and money laundering, yes it is possible that this criminals are using bitcoin or crypto currency and creating a law is a must. This type of people should rot in jail and law enforcements can not do that if there are no law in existance.

metenjean

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Quote from: Shrinath on February 18, 2018, 03:50:11 PM

That is absolutely true. The EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money. The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future.

New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. It will include rules forcing traders to reveal their identities in some circumstances. Under an EU-wide plan, online platforms where currencies are traded will be made to carry out due diligence on buyers. The UK government is currently negotiating amendments to the fourth anti-money laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into anti-money laundering and counterterrorist financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update legislation to bring virtual currency exchange platforms into anti money laundering and counter terrorist financing regulation. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust

This is happening in every countries around the world now as bitcoin legalization and implementation of tax rules for bitcoin being tested, not only EU but i think every superpower countries hate bitcoin as they tried to banned it at first to stop overflowing tax evasion money outside their own countries but then they realized that they can't banned it so instead they tried to regulated it by implementing tax law

cryptogirlboss

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Glad to hear your opinion, I think EU had more serious problems to deal before hating or worry about bitcoin (es. immigration?)

they eventually want to introduce measures to regulate and even there was recent news from BCE about EU banks in the future to store cryptos assets!

The_prodigy

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Quote from: frankie2712 on February 18, 2018, 02:29:02 PM

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh

Do you have any proof of this claim? Can you cite the news sources where they have explicitly said that bitcoin is banned from them? Because I think that aside from Asia, the EU or the European union would be one of the first places that a digital currency would be embraced. It is important to note that this countries are advanced and may have the capacity to integrate bitcoin to their economy

Windbeard

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Recently, the PNC bank threatened one of its customers, buying bitcoin. Barclays closed the student account after his transactions in bitcoins. British banks generally avoid cooperation with companies using crypto currency - that step forces them to open accounts not in the UK but in Gibraltar, Poland and Bulgaria. Anson Zella, head of the Singapore Cryptocurrency and Blockchain Industry Association or Access, said his organization received complaints from 10 companies that faced problems with Singapore banks.

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Quote from: btc_angela on February 18, 2018, 02:58:05 PM

Quote from: cindygirl on February 18, 2018, 02:34:24 PM

Michael Jackson hates bitcoin too. He never said it but that's my opinion so I'm going to say it with nothing to back it up. The EU is not even a thing that can hate 'bitcoin' anyway, how can a collective of countries hate a virtual currency? Some people in the EU will hate bitcoin, others will not.

Germany and France are anti bitcoin.

http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/

They are even calling for a cooperative regulation among countries. They are the most vocal among the EU countries but I don't think that other nation will listen to them. I guess this is going to be a long war.

But we all know that bitcoin is unstoppable at this point, If you are going to go against it. Then you will be left out. And I'm sure that even though that their might be some EU countries that will ban it, their citizens will find a way to engaged themselves in trade or investment.

The French is like a dog, chasing their own tail. These EU countries opened their doors for imigrants from all over the world and now they stuck with problems associate with these actions < Money laundering / Drug trafficking / Terrorism funding >

After all the terrorist attacks in France, it is easier for governments to scare their people. They will use this as a scare tactic to force people to give up some "freedom" that they would not have done, prior to these attacks. < A lot of fud are being spread about Bitcoin and terrorism funding, to get people to give up their rights. >

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Quote from: frankie2712 on February 18, 2018, 02:29:02 PM

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh

I would have understand this is if would have come from a Paki or Filipino shit poster that has never seen Europe in real life nor can it point it on a map.

But from somebody (based on your former posts) living in the Netherlands this is beyond comprehension.
Further more, it seems you actually have no clue what the EU is, although you live here.

The EU can't ban it without all of the countries voting for, in this case a simple majority is not enough.
And it will never pass.

Right now the EU and Europe are the most friendly Union / Continent for BTC

gua86402

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The eu's decision not to make the BTC is illegal, and the eu is only planning to make a law requiring encrypted currency trading platforms and wallet suppliers to confirm customer information.

The aim is to avoid tax evasion and money laundering or financing for terrorist activities.

This is a positive signal to better regulate BTC. To prevent wrongdoers from doing illegal things!

Doge dealer

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I'M not understanding as what i see is causing great confusion for me , as European governments are saying it needs more regulation as its now becoming a tool of money laundering, drug trafficking and terrorist funding and as such they will be proposing joint regulation for bitcoin.Then comes steven Maiijoor who is chairman of the European securities and markets authority who during an interview with Bloomberg that investors should be prepared to lose all their money should they choose to invest in bitcoins , whats confusing me is this since its a tool for all these activities that are illegal and steven says anyone who invest in it must be prepared to loose everything would it not then make things easier for our security as these money launders, drug traffickers, and terrorist would be broke based on what mr maiijoor is suggesting so why would it then be necessary for the European governments to propose regulations as it will crash and die according to the securities chairman, its clear to me that everyone knows bitcoin is the future and is here to stay and even Europe who tends to want to be unique and apart in there financial matters is being invaded by bitcoins so this is just another reaction to discredit and limit bitcoins but as we have seen so far there is no sopping bitcoins.

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Quote from: Odlanyer on February 18, 2018, 05:08:03 PM

Quote from: frankie2712 on February 18, 2018, 02:29:02 PM

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh

I don't think they have any reason to hate bitcoin so why would they ban it but if what you are saying is true, another DIP will happen and it will be a huge problem for the whole crypto community.

they have every interest in blocking cryptos but they are aware that they can not do it ... and then so they will try to recycle themselves
and their control system to protect their status quo by creating a virtual but centralized currency ... Like ripple for example

SUDARMONO

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That can make a big deal if the European Union forbids bitcoin, because it can cause bitcoin prices to fall sharply, but sometimes I think it's sometimes the drama of a bitcoin price game on the market. Hopefully the news is just a running issue.

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Quote from: btc_angela on February 18, 2018, 02:58:05 PM

Germany and France are anti bitcoin.

http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/

They are even calling for a cooperative regulation among countries. They are the most vocal among the EU countries but I don't think that other nation will listen to them. I guess this is going to be a long war.

But we all know that bitcoin is unstoppable at this point, If you are going to go against it. Then you will be left out. And I'm sure that even though that their might be some EU countries that will ban it, their citizens will find a way to engaged themselves in trade or investment.

Yes - but places outside the EU like Switzerland, and soon, the UK, are in favour of bitcoin, and the EU will start to fall behind in yet another tech area if they give into French and German demands. Lets wait and see if the other EU members push back at France and Germany.

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Quote from: frankie2712 on February 18, 2018, 02:29:02 PM

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh

Well, obviously not all EU really does hate bitcoins just yet. Others are still turning a blind eye to it and just waiting for the next steps of other countries having bitcoins being illegal all over the world will be a very long and hard process. This is simply because of the fact that crypto currencies as a whole has already come to a point that it is almost invincible or unstoppable. This is what other countries have or have not understood which is why they ban or legalize bitcoins. Anyways, whatever happens, I for sure won't be leaving bitcoins.

BitHodler

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Quote from: xuan87 on February 18, 2018, 06:15:09 PM

Governments don't like Bitcoin because it's something that they can't control and Bitcoin doesn't give any advantage to the country, so it's normal to say that EU hate Bitcoin, but it's only the feature that the government hate not the currency, once it's regulated they will accept and try to adopt crypto currencies since crypto currencies also help the people to get a better life and provide the job opportunities

Governments don't like Bitcoin because they can't control it? Correct. Governments don't like Bitcoin because it doesn't bring any advantages to their economy? Wrong. Bitcoin provides gigantic growth potential.

Great example of this is that Belarus and Spain have started to offer startups and other business related to crypto very friendly growing possibilities with much lower tax rates, where in some cases they are exempt from tax entirely.

It's just a matter of accepting it to grow within your country, which is something that will happen gradually. Countries will at some point not have a choice but to hop on board ~ eat or get eaten!

boltz

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That is not true. From did you find this or why you say this ? Based on what ? I think we need to see the reality and that is every one is starting to using cryptos.

noloco

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The state works for the state, and states already got coins controlled by them , at this stage crypto is a challenger for fiat not a substitute yet.

xuan87

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Governments don't like Bitcoin because it's something that they can't control and Bitcoin doesn't give any advantage to the country, so it's normal to say that EU hate Bitcoin, but it's only the feature that the government hate not the currency, once it's regulated they will accept and try to adopt crypto currencies since crypto currencies also help the people to get a better life and provide the job opportunities

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Quote from: frankie2712 on February 18, 2018, 02:29:02 PM

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh

We all knowm how big or the power European Union has. They got a very large influence in terms of its economy. But even though they got such thing doesn't mean they could be at a great manipulation of bitcoin yet we all know that no one or any governance is manipulating bitcoin that leads to banning.

sirkings0003

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Firstly, there is every reason for majority of governments not to like bitcoin and other cryptocurrencies. Bitcoin will reduce if not take away their gripe of economical control of thousands of people. However, European Union's actions and inactions will for sure influence bitcoin's price but it will not kill it.

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