EU wants to emanate a database of Bitcoin users

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The finish of anonymity for Bitcoin users might be quick coming as a EU has put onward a offer that would need anyone regulating a cryptocurrency in a member states to register on a database.

The European Commission (EC) is behind a pull to take divided anonymity from Bitcoin and other practical currencies with a wish that this could assistance forestall a series of crimes that use digital wallets as a means of avoiding a paper trail. The offer would need all users of a cryptocurrency to register regulating their real-world temperament and to yield a addresses of a practical wallets containing their funds.

Since Bitcoin is untraceable by nature, cybercriminals have embraced a practical banking to dedicate cybercrime. This is generally so with ransomware where users mostly have to compensate regulating cryptocurrency to clear their files after descending plant to an attack. The tellurian arise in this form of malware has influenced individuals, companies, and even governments, that is because a EU is peaceful to do anything in the energy to forestall it from apropos a incomparable problem than it already is.

The EU is now operative on reforming the Anti-Money Laundering Directive (AMLD)



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