EU Targets Bitcoin, Prepaid To Curb Terrorism Financing

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The European Commission isn’t warming adult to bitcoin. Or prepaid cards, for that matter.

The EU is proposing regulations to moment down on digital banking transaction rules, as good as for prepaid cards, Reuters reported. This is in efforts to quell unknown payments that might be associated to funding terrorism efforts, according to papers expelled yesterday (Feb. 2).

This follows a militant attacks in Paris final November, that have also speedy a EU to cruise implementing stricter regulations over bank transfers within a EU in sequence to improved guard how income is issuing into and out of a region. Bank transfers within a EU are not now partial of the EU-US Terrorist Financing Tracking Program.

“We contingency cut off terrorists’ entrance to supports and capacitate authorities to improved lane financial flows to


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