European Union Seeking to Ban Bitcoin in Aftermath of the Paris Terrorist Attacks

A Europol report that establishes a review of EU member states and the Europol in the aftermath of the terrorist attacks that struck Paris in November 2015 has found no confirmed evidence that suggest Bitcoin is used for terrorism financing. A report by Europol – the European Union’s law enforcement agency, has aggregated and established a rounded review of the changes in Islamic State’s operations, studied by EU member states and Europol itself soon after the Paris attacks late last year. The report also stated that the financing of terrorist operations did not undergo any marked changes....

The Chamber of Digital Commerce (CDC), based in Washington, D. C., has urged the Group of Seven (G7) nations not to enact virtual currency regulations that will stifle innovation in seeking to prevent future terror attacks like the one in Paris last week. The CDC is concerned that the G7 countries want to restrict virtual currencies because they suspect Islamic State terrorists used and continue to use bitcoin. Stifling digital currency innovation would be counterproductive for law enforcement, according to the CDC. It claims the block chain offers law enforcement an important tool for....

European Union (EU) countries will seek a crackdown on bitcoin during crisis talks tomorrow, in the wake of last week's Paris attacks, Reuters reports. A draft document seen by Reuters said that EU member countries were planning to crack down on digital currencies and anonymous payment systems made via pre-paid cards in a bid to curb terrorism financing. EU justice and interior ministers who will attend the meeting are expected to urge the European Commission to come up with measures to "strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual....

Europe is moving fast investigating the movement of funds within their region to try and thwart off the acts of terrorism that has frightened the entire world. Immediately after the Paris attacks world leaders shouted out from podiums demonizing encryption and held secret emergency meetings to discuss cryptocurrency. The European Union has made it clear they are unhappy with encrypted services, they want to hire a blockchain investigator, and they want access to the SWIFT financial database now. After the acts in Paris reports from the European authorities have been relentless offering....

The European Commission said today it is assessing whether digital currencies like bitcoin fuel terrorist financing and money laundering as part of a new security report. In a 17th November memo, the Commission outlined its view of the state of security in the European Union (EU), a publication that comes days after more than 100 people died in a series of attacks in Paris, France. According to the memo, the Commission is investigating terrorism financing risks in the EU following the adoption of an anti-money laundering framework earlier this year, a process it said will pay "particular....