The European Commission, a branch of the European Union, has proposed the creation of a centralized database of Bitcoin users, their identities, wallets and financial operations. The directive seeks to prevent the use of the cryptocurrency to finance terrorist movements and their operations. According to the proposal, financial intelligence units (FIUs) will have access to this … Read moreTowards a Bitcoin User Database?
The European Parliament, the legislative branch of the European Union, has approved a proposal for a task force dedicated to digital currencies and blockchain technology. A report drafted by European Parliament member (MEP) Jakob von Weizsäcker first began circulating in late February. It called for measured exploration of the technology by the European Commission, the executive branch … Read moreEU Parliament Approves Proposal for Digital Currency Task Force