The European Central Bank (ECB) has due a gauge of a European Parliament and of a Council saying that ‘virtual currencies do not validate as currencies from a Union perspective,’ and wants digital currencies to be categorically tangible as not authorised currencies or money.
In a request titled, Opinion of a European Central Bank [PDF], a ECB is proposing amending Directive (EU) 2015/849 on a impediment of a use of a financial complement for a functions of income laundering or militant financing and amending Directive 2009/101/EC.
According to a ECB, a use of digital currencies, such as bitcoin, poise a hazard as terrorists and rapist groups are means to send income within digital banking networks with a certain turn of anonymity.
The ECB believes that as digital currencies aren’t compulsory to be exchanged into legally determined currencies they can be employed as for bootleg activities.
Such exchange would not be lonesome by any of a control measures supposing for in a offer and could yield a means of financing bootleg activities.
Avoid Promoting Digital Currencies
The ECB has summarized a concerns saying that a Union legislative bodies should not foster a use of digital currencies as they are not legally determined as currencies. This