The European Union will consider the introduction of tough measures against bitcoin and other virtual currencies and anonymous payment systems after the terrorist attacks in Paris.
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Topic: What do you think about it? (Read 237 times)
The European Union will consider the introduction of tough measures against bitcoin and other virtual currencies and anonymous payment systems after the terrorist attacks in Paris.
I heard it. The European Union will consider the introduction of tough measures against bitcoin and other virtual currencies and anonymous payment systems after the terrorist attacks in Paris.
That is why a Demerit system is a must. Try to write something useful.I heard that some banks in France (BNP Paribas is one of them) started freezing accounts used to invest in cryptocurrency. If you use your bank account to buy Bitcoin, it will be closed.
This could have some negative impact to BtC, but then the same with China/Korea it should be OK.
The European Union will consider the introduction of tough measures against bitcoin and other virtual currencies and anonymous payment systems after the terrorist attacks in Paris.
Bitcoin is illegal in Ecuador, but this country has released its own digital currency, created on the basis of a mobile phone.
I think this is very difficult. From a technical point of view, this is basically impossible. The technology for encrypting money exists on the Internet. Unless the EU decides not to use the Internet, banning is impossible.
Germany has determined the legal status of bitcoin: the use of crypto currency is legal, and the amount of tax differs for enterprises, miners, users and stock exchanges.
The Government of Cyprus has not yet decided on its position with respect to Bitcoin. Thus, it is not forbidden, but it is not regulated at the same time. But in Bulgaria it is subject to taxation.
In Finland, bitcoin transactions are treated as financial transactions, so they do not apply value added tax. Although in most cases people view bitcoins as valuable assets, not money. The same situation is observed in Belgium.
The government of the United Kingdom also determined the legal status of bitcoin. The UK is determined to allow digital money to take its place in the British economy. Now the government is looking for ways to control and regulate the activities of stock exchanges. The Cabinet of Ministers agrees on the importance of supporting innovation, but at the same time is actively working to prevent its use for criminal purposes. As previously reported, the government's goal is to create all conditions for law-abiding citizens and the absence of any opportunities for offenders. This statement was made as part of the announcement of the budget for 2015.
With the legal status of bitcoin, there are no problems in Canada. This country is also open to bitcoin-transactions. The Canadian tax agency treats it as a valuable asset (income derived from transactions is treated as income from business activities). Taxes can fluctuate, depending on how bitcoin is used: for purchase-sale or as an investment. Therefore, the same rules of the law on combating money laundering apply to the exchange as well as to the business that provides cash and settlement services. .
The United States has a pro-Bitcoin position. The Ministry of Finance considers Bitcoin as a business that provides settlement and cash services to the public, but not as a currency. This definition places a number of obligations on users, such as reporting, registration and record keeping. The US Internal Revenue Service classifies bitcoin as valuable property, to which appropriate taxation applies. In this case, bitcoin is considered as a valuable asset, like gold or art objects, which has a certain value. In any case, America is one of the few countries whose government is already working to prevent or reduce the use of crypto currency for illegal purposes.
The European Union will consider the introduction of tough measures against bitcoin and other virtual currencies and anonymous payment systems after the terrorist attacks in Paris.
That's ridiculous thing which will ever happen. It can crash the market very badly because after the US most of the money that comes into the crypto is from the European countries. If they implement regulations and which are hard to digest then people might just go away with it.
However, if this helped ICO and projects like that which are based on the blockchain in good will or if it built good trust amongst the people then reverse effect can be seen where people will happily invest into bitcoin and grow the market subsequently.
Sometimes I'm very confused with the regulation stuff. It could either help the whole community in the same manner as if we are dealing with the fiat in real world. But sometime they could crap out the investment mania from all of us. Time will tell the truth.
Ewald Nowotny, the head of the Austrian bank and a member of the board of the European Central Bank, again spoke negatively about the crypto-currencies. Speaking with an overview of trends in Austria, Novotny said that bitcoin is not a currency, while it is speculative and uncontrollable, which is confirmed by events recent time in the stock market
It is high time to regulate crypto-currencies by analogy with other currencies. When regulators accurately outline the rules, more official players will appear on the global market of crypto currencies - banks that are now afraid of risking their reputation and getting involved in adventures, he said.
While the sellers and buyers of crypto currency freely in Europe. In most countries, their turnover is not regulated, and their sale is not subject to VAT, KPMG reports. True, in Germany since 2013, the national financial regulator considers bikkoyn as private money, which can be taxed on capital.
Previously, the European Office for Supervision of the Securities Market (ESMA) already warned issuers and investors about the high risks of ICO (Initial Coin Offering). Investors risk participating in the ICO, since most placements are not regulated by law, and the price of crypto-currencies is extremely volatile, the agency explained. It warned the issuers of crypto-currency that only those ICOs that are legalized as the placement of securities are legal.
Bitcoin worried about European officials after the EU parliamentarians agreed on limiting his turnover. They have banned the EU anonymous operations with crypto money on trading platforms on the Internet, as well as payments on debit cards. Now, the sites where bitcoin is traded must identify users - in 1.5 years this rule should be introduced in all EU countries.
The European Union will consider the introduction of tough measures against bitcoin and other virtual currencies and anonymous payment systems after the terrorist attacks in Paris.
Its understandable i think in some degree considering that your country was attacked by a terrorist you have to lay out all possible scenarions in where and which these terrorists are theiving and one of these can be pinpointed to bitcoin and cryptocurrency in which it is untraceable and private that it makes it for the governemt and the authorities to know which is in cahoots and colluding with them
The Central Bank of Russia considers the services of legal entities for the exchange of bitcoins as questionable transactions related to money laundering and the financing of terrorism. The statement on this was published on the bank's website on January 27, 2014 and signed by its press service.
In the European Union, the UK is most active with respect to crypto currency. In March 2015, the UK Treasury announced a series of initiatives aimed at trying to regulate this market, and in particular, to prevent money laundering through such systems. At the same time, the government of the state loyally expressed its attitude to the crypto-currencies, saying that this technology is promising for micropayments and international transfers.
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