European Commission Seeks More Customer Data from Bitcoin Services

European Commission Seeks More Customer Data from Bitcoin Services

The European Commission, the executive arm for the European Union, has said that it plans to tighten reporting standards for digital currency exchanges as part of a broader effort to restrict terrorist financing channels. The Commission said that it intends to require both exchange and wallet service providers in Europe to identify their customers, a move that comes after growing debate among EU policymakers about whether digital currencies are being used by terrorist groups to transfer funds. The announcement comes on the heels of a report by the EU’s top law enforcement agency, Europol,....


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