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.

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