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Topic: EU hates Bitcoin - page 4. (Read 486 times)

member
Activity: 280
Merit: 10
February 18, 2018, 03:55:20 PM
#7
Not only the EU, but all whose banks lose their huge profits against bitcoins and crypto-currencies. But they will not be able to prohibit the crypto currency. Crypto currency is a decentralized payment system and does not belong to any of the states ...
newbie
Activity: 1
Merit: 0
February 18, 2018, 03:52:21 PM
#6
The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh
hhaha yes
member
Activity: 112
Merit: 17
February 18, 2018, 03:50:11 PM
#5
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
hero member
Activity: 2660
Merit: 551
February 18, 2018, 02:58:05 PM
#4
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.
full member
Activity: 280
Merit: 105
February 18, 2018, 02:34:24 PM
#3
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.
hero member
Activity: 729
Merit: 502
February 18, 2018, 02:32:35 PM
#2
LOL
That's not true. Why do you think like that? EU accepted Bitcoin, but they just want to regulate it's anonymity. In Europe there is so much Bitcoin-Euro live exchanges.
newbie
Activity: 18
Merit: 0
February 18, 2018, 02:29:02 PM
#1
The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem. Huh
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