Topic: [NEWS] EU report says criminals find it hard to use virtual currencies (Read 236 times)

findingthemoon

full member

Activity: 252

Merit: 123

Well even criminals are exposed to other criminals so having millions of dollars in bitcoin can put off drug cartels knowing that is they don't secure it well they can lose it all without any prospect of finding out who took it.

One thing from your article though that might concern some people is this proposal:

Quote

The Commission would issue a report to be accompanies, if necessary, by proposals, including, where appropriate, with respect to virtual currencies, empowerment to set-up and maintain a central database registering users’ identities and wallet addresses accessible to FIUs, as well as self-declaration forms for the use of virtual currency users.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

I have seen no one else bring this up.
I have said lots look out when huge drug cartels etc latch onto "coins"
They have a desire to launder obscene amounts of money i have pointed out lots.
The Mexican drug cartel alone handles mind shattering amounts of money..

So ?

Read this Wink

https://www.neowin.net/news/eu-report-says-criminals-find-it-hard-to-use-virtual-currencies

Sample..

Quote

The European Commission has released a new report which suggests that while organized criminals would like to use cryptocurrencies, they don’t because of their lack of knowledge in the technology. The findings are quite surprising as Bitcoin is mainly known for facilitating criminal activities.

On the flip side.. https://www.neowin.net/news/two-more-banks-roll-out-support-for-microsoft-wallet

Bitcoin Forum>Alternate cryptocurrencies>Altcoin Discussion

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