Hey, like it or not, some regulation and monitoring will happen and we should just accept it. The governments has a obligation to protect their citizens against terrorists and/or consumer protection against fraud and scams. So I agree with their views on that.
The positive thing about this is, the door was left open for discussion and further investigation. They could have just closed the door and forced the current financial systems down on us and they did not do that. Let's just enjoy the small steps we are taking towards a better Bitcoin future.
Topic: Great news 4 European Bitcoiners - page 2. (Read 1326 times)
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If this means that buying BTC will be easier in Europe than in the USA, I will convince my wife that more trips to Paris and Germany are in order. I'll bring the CA$H and/or debit cards.
PLEASE keep us all up to speed re developments in BTC over there in Europe.
* * *
Are many merchants starting to accept BTC in Europe?
That would be good to know as well.
If this means that buying BTC will be easier in Europe than in the USA, I will convince my wife that more trips to Paris and Germany are in order. I'll bring the CA$H and/or debit cards.
PLEASE keep us all up to speed re developments in BTC over there in Europe.
* * *
Are many merchants starting to accept BTC in Europe?
That would be good to know as well.
Hey, wait! Let' not rejoice, yet. We don't know the difference between monitoring and regulating. It might not be a big one. Anyway, that meeting proved useful to show that all noise about BTC being used by terrorists, or for money laundering, is just that: noise. There are no proven facts.
As far as I understood, the monitoring means that they will be investigating suspicious transactions e.g. suspected for being involved in terrorism.
Also, they are training digital forensics teams now, that can for instance hunt down tor users and follow bitcoin transactions and ip adresses.
It is good news, as basically everybody already knew that they were doing this monitoring thing.
I find this to be great news.
Even though the difference between monitoring and regulating might not be much, as the previous post mentions it is a breath of fresh air for european based startups
Even though the difference between monitoring and regulating might not be much, as the previous post mentions it is a breath of fresh air for european based startups
Hey, wait! Let' not rejoice, yet. We don't know the difference between monitoring and regulating. It might not be a big one. Anyway, that meeting proved useful to show that all noise about BTC being used by terrorists, or for money laundering, is just that: noise. There are no proven facts.
Is this news a result of this meeting?
As I've said in the other topic, I don't like it when the EU discusses Bitcoin, but I have to admit they're having a good attitude towards it
As I've said in the other topic, I don't like it when the EU discusses Bitcoin, but I have to admit they're having a good attitude towards it
It seems that the European Union decided to go soft on digital currencies.
Reuters says:
EU says to monitor, not regulate 'hyped' virtual currencies
"The European Union will monitor rather than regulate "hyped" virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body's executive said on Monday.
The world's 600 virtual currencies are tiny, with bitcoin alone accounting for 90 percent of the $7 billion sector, compared with daily turnover of about $5 trillion on global foreign exchange markets.
Virtual currencies are traded online and not backed by a central bank. The collapse of bitcoin exchange Mt. Gox two years ago raised concerns about consumer protection in a largely self-regulated, experimental sector."
Reuters says:
EU says to monitor, not regulate 'hyped' virtual currencies
"The European Union will monitor rather than regulate "hyped" virtual currencies for now, because too little is known to justify new rules beyond reining in specific risks like money-laundering, the body's executive said on Monday.
The world's 600 virtual currencies are tiny, with bitcoin alone accounting for 90 percent of the $7 billion sector, compared with daily turnover of about $5 trillion on global foreign exchange markets.
Virtual currencies are traded online and not backed by a central bank. The collapse of bitcoin exchange Mt. Gox two years ago raised concerns about consumer protection in a largely self-regulated, experimental sector."
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