Bitcoin Weekly Recap 12-25-2015

Bitcoin Weekly Recap 12-25-2015


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French Nationalist Party Moves for Greater Bitcoin Controls

Three French representatives at the European Parliament are seeking approval that would allow member states greater authority to exercise regulatory power over Bitcoin. The petitioners are all members of the French nationalist party Front National (FN), and are asking for the European Commission to grant European Union members the authority to choose how each nation will deal with Bitcoin and other digital currencies. The requested powers would be broad enough to even allow those member states the option of banning Bitcoin altogether.

The FN representatives have justified their motion by asserting that these powers are needed to counter the Bitcoin system’s high risk, and alleged similarities to Ponzi schemes. They also referenced the European Court of Justice’s recent ruling that exempted digital currencies from VAT tax consideration, as

Read more ... source: TheBitcoinNews