European Banks Rumored to be Monitoring and Reporting Transactions Related to Bitcoin


An anonymous Reddit user who self-identifies as bank employee posted a warning saying that his bank received a memo from the national financial institute, with instructions to report anyone who receives more than €1,000 that may be linked to Bitcoin.

The five-page memo outlines how surveillance works, how the network is monitored and says that some bitcoin exchanges have been unwilling to cooperate with the authorities. The memo is accompanied by a report, issued by E.U. law enforcement agency Europol, stating that 84 accounts in the country (which hasn’t been disclosed) have been flagged as suspect, and 52 are under surveillance and investigation.


Read more ... source: TheBitcoinNews