No Anonymous Option for European Bitcoin Users
Bitcoin platforms may soon have to get rid of anonymous user option soon in the European Union if the new rule is passed. When Bitcoin was introduced in 2009, it was hailed as the thing for conducting anonymous transactions. Bitcoin was considered as an anonymous digital currency as using bitcoin didn’t and still doesn’t require any identity or address proof. In order to make a bitcoin transaction, all one has to do is enter the bitcoin wallet address of the recipient, followed by the amount of bitcoin that has to be transferred from the wallet to recipient’s wallet. Once the payment is....
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Dutch Bitcoin exhange leveraged trading this week, making it the first European exchange to offer this trading option. Leveraged trading, which is offered on CleverCoin as “Boost spot contracts”, enables traders to gain on the Bitcoin price going up or down with a multiplier. It essentially allows users to buy or sell more bitcoins than what they can afford with the funds in their wallet. CleverCoin's Boost spot contracts are currently limited to a 10x leverage, meaning traders can buy or sell ten times the amount they hold, which allows them to increase their profit margins tenfold.....
Last but not least, there's the option of exploring blockchain technology, which may turn out to be the most logical solution in the end. Although this approach would require a lot more time to fully develop, it would also be the most innovative solution for enforcing the position of Euronext. Research of blockchain technology is not cheap, though, which could make it a less favorable option for the company. In this day and age of financial and technological innovation, there is a lot of focus on rethinking business models and future partnerships. Euronext, one of the world’s leading....
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....
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will be prohibited.” New EU Rules Ban Anonymous Crypto Transactions and Wallets The European Commission presented a set of legislative proposals Tuesday aimed at strengthening the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. Among the proposals is a revision....
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....