Thursday, October 19, 2017
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Bitcoin Sees Strict Rule Proposals by a European Commission

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In a offer today, a European Commission – a executive arm of a European Union – sought stricter manners on a use of practical currencies like bitcoin.

Citing reasons of terrorism and income laundering, a European Commission has due stricter manners for a use of practical currencies, an official press release suggested today.

The changes will see digital banking exchanges and wallet providers tumble underneath a reach of a Anti-Money Laundering Directive (AMLD). Such a pierce will find to move an finish to a anonymity compared with digital banking transactions.

The due manners will also tie regulatory slip on prepaid cards. The Commission is proposing to “minimize a use of unknown payments by prepaid cards.” It aims to do so, by obscure a threshold for marker during prepaid label purchases from €250 to €150. Furthermore, it will also find to dilate a range of corroboration requirements, potentially adding to


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