European Union to Crack Down on Bitcoin After Paris Attacks
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....
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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....
Interior and justice ministers from the European Union have organized a crisis meeting this Friday to plan an effective crackdown of anonymous payment method and virtual currencies to curb terrorism funding. In a direct reaction to the recent Paris terror attacks, European Union countries have planned an emergency meeting this Friday in Brussels, Belgium, to convene and collaborate on ideas to implement and strengthen controls over electronic and anonymous payment methods. A draft conclusion obtained by Reuters notes that EU ministers will urge EU's executive arm - the European Commission....
Bitcoin has been enjoying a smooth ride in Europe up until Friday’s Paris tragedy occurred, sending shock-waves of fear and blame all over the world. A series of coordinated terrorist attacks, including mass shootings, suicide bombings, as well as hostage-taking swept Paris, France, on Friday, taking 129 lives and injured over 350 others. The Islamic....
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 European Union announced plans to propose different measures to control alternative payment methods, including electronic payments (e-money), digital currency, pre-paid cards and gold, following the discovery of a bitcoin account linked to ISIL militants' Paris attacks. Countries and justice ministers of the European Union will pressure the European Commision, an executive body of the EU responsible for proposing legislation and implementing decision to "strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of....