EU to step adult checks on Bitcoin, prepaid cards to quarrel terrorism

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By Francesco Guarascio

BRUSSELS (Reuters) – The European Commission will introduce by a finish of Jun stricter manners on prepaid cards and practical currencies in a bid to revoke unknown payments and quell a financing of terrorism, papers expelled on Tuesday showed.

Responding to attacks in Paris final Nov by Islamic State militants, a Commission is also deliberation commanding controls on bank transfers within a EU that are now not monitored by a argumentative EU-US Terrorist Financing Tracking Programme (TFTP).

“We contingency cut off terrorists’ entrance to supports and capacitate authorities to improved lane financial flows to forestall harmful attacks such as those in Paris,” EU Commission Vice President Valdis Dombrovskis pronounced in a statement.

Brussels intends to quell terrorists’ use of all means of payments, including money and banking transactions, though will primarily concentration a regulatory work on prepaid cards and practical currencies, of that Bitcoin is by distant a many used with some-more than 80 percent of a marketplace capitalization.

“There seems to be a risk that practical currencies might be used by militant organizations to disguise financial transactions, as these can be carried out some-more anonymously,” a Commission request said.

Prepaid cards lift a same arrange of concerns as their users are not

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