3 Members of Euro Parliament Call for Stricter Bitcoin Controls, Prohibit Virtual Currency Exchange Transactions
Three France-based members of the European Parliament have tabled a motion for a resolution calling "stricter controls over all virtual currency" such as Bitcoin. The trio have even asked to "prohibit" virtual currency exchanges transactions altogether which, in essence, is asking for a ban of all such transactions. Three members of European Parliament, all French nationals, have tabled a motion for a resolution on "controlling virtual currencies such as the 'bitcoin'". The motion was tabled on November 25th, 2015. The members cite Rule 133 of the European Parliament's Rules of Procedure....
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Three European Parliament representatives from a French right-wing political party filed a motion last month seeking to give member-states the power to regulate or even ban bitcoin activities. The motion was filed on 25th November, according to a copy of the motion published on the European Parliament website. The motion seeks approval from the European Commission – the executive arm of the European Union – to “allow Member States to exercise stricter controls over all virtual currency exchange transactions and even to prohibit them”. Cited as justification is the recent decision by the....
Over the course of next week, the European Parliament will host a four-day conference in an effort to educate members of the European Parliament about distributed ledgers and virtual currencies. A non-commercial conference organized next week by the European Parliament is being put together to educate Members of European Parliament (MEPs) about the rapidly expanding and publicized fintech space. The conference and exhibition will specifically be focusing on blockchain and virtual currencies. As reported by Finextra, the conference will see representatives from the likes of the World Bank,....
The European Parliament’s Committee on Economic and Monetary Affairs voted almost unanimously to adopt its report on virtual currencies today. The 54-to-1 decision was one of the last hurdles for a measure that could lead to the creation of cryptocurrency task force before it is put before vote by the entire European Parliament. Speaking with CoinDesk this afternoon, founder of the European Digital Currency and Blockchain Technology Forum (EDCAB) described the vote as part of a larger movement to regulate virtual currency exchange platforms under existing anti-money laundering (AML)....
In early December there was a mention of members in the Swiss Parliament wanting to treat bitcoin as a foreign currency. In that article, we wrote, "Forty-five members of the Swiss parliament have agreed to sign a postulate that considers bitcoin a foreign currency." Now, the Swiss Parliament is gearing up to vote on proposals that treat the digital currency as such. According to Finextra, "If approved by Parliament, the questions will be posed to the Swiss executive arm of government, the Federal Council for judgment." Approval from high office could set an example to other governments,....
Bitcoin has been sent to 350 deputies of the Spanish Congress as part of an educational initiative similar to the “Crypto for Congress” campaign that sent bitcoin to all Members of U.S. Congress. Bitcoin Sent to 350 Spanish Lawmakers All 350 members of Spain’s Congress of Deputies have been sent bitcoin worth a euro each as part of an educational campaign, local newspaper ABC reported Thursday. The Congress of Deputies is the lower house of Spain’s parliament; it has 350 members. The initiative was launched by blockchain education platform Tutellus and Observatorio....