Bitcoin Forum

EU’s executive body will seek ways to “strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards

BTW the EU is cracking down on democracy, too, Merkel and Hollande leading the way  :(

Some facts about digital currency and terrorist financing

After the recent attacks in Paris, governments are redoubling their efforts to combat terrorist financing, and we’ve been asked how digital currencies might be affected by these efforts. The answer is that digital currencies like Bitcoin, and the service providers that help consumers access digital currency networks, don’t pose any greater threat of being abused by criminals and terrorists than other financial networks. Yet that doesn’t stop the publication of headlines like, “After Paris Attacks, Europe Is Cracking Down On Bitcoin.”

https://coincenter.org/2015/11/some-facts-about-digital-currency-and-terrorist-financing/?utm_source=social&utm_medium=reddit&utm_campaign=facts

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin (http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html) will help slow down terrorist activities in the EU and abroad?

What I find ironic is that France did absolutely nothing to stop the Syrian terrorists from entering the country as refugees. Now they're just using the recent Paris attacks to justify "cracking down" on terrorism. Bitcoin can be used to fund terrorism, yes but that does not mean it is necessarily bad. The bankers just don't want to lose their financial grip on the world.

If bitcoin was this widely used my terrorists, wouldnt the price be higher?

the terrorists LIVED and WORKED in brussels for many years. they owned a bar in brussels. held EU passports.. they then sold the bar to fund their attack.. hiring cars to drive from brussels to paris..

so:
1. they were not refugee's
2. it was like a KKK member from texas where they lived for years, driving to new york..
3. they sold the bar for Euro's.

also the OP of the top post has quoted a coin media outlet, who has tweaked the story, which was then using a reuters news outlet as the source. where reuters also tweaked the story, where a 'memo' was used as a source

the source
http://europa.eu/rapid/press-release_MEMO-15-6115_en.htm

if you just use your browsers find function... has no mention of 'bitcoin'
and the only reference to virtual currency, is in regards to strengthening AML/KYC.

so folks.. the short story is.. never believe a headline!!!! always research the source and learn a thing or two

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin (http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html) will help slow down terrorist activities in the EU and abroad?

EU just have to require controls to all the BTC exchanges (from EU)who are not financial licensed(99% are NOT). This will bring to almost zero the BTC transactions in EU.

After EU, other parts of the world will take this example and they will do the same. That means the end of Bitcoin(not as system but as value) because BTC is formed by black market (over 90%) and the guys who are are making "black or grey" biz, are not happy with a system who are requiring more and more documents and providing a lot of headaches.

So, they will migrate to "something else".  It will happen soon.

is this happen will be a great step for independence bitcoin and the real bitcoin era when 1bitcoin=1bitcoin and not with one dollar, euro or whatever fiat money. This is evolution.

the terrorists LIVED and WORKED in brussels for many years. they owned a bar in brussels. held EU passports.. they then sold the bar to fund their attack.. hiring cars to drive from brussels to paris..

so:
1. they were not refugee's
2. it was like a KKK member from texas where they lived for years, driving to new york..
3. they sold the bar for Euro's.

also the OP of the top post has quoted a coin media outlet, who has tweaked the story, which was then using a reuters news outlet as the source. where reuters also tweaked the story, where a 'memo' was used as a source

the source
http://europa.eu/rapid/press-release_MEMO-15-6115_en.htm

if you just use your browsers find function... has no mention of 'bitcoin'
and the only reference to virtual currency, is in regards to strengthening AML/KYC.

so folks.. the short story is.. never believe a headline!!!! always research the source and learn a thing or two

Top business news on BBC world news today was that the EU want to clamp down on Bitcoin to stop terrorist funding...

Never waste a crisis eh?

I am sure bitcoin usage among terrorists is low level comparing fiat.
Europe tries to find enemy to attack but it cannot and it creates its own enemies. Not a good idea.

There is a need of even more mass surveillance and this new atmosphere is the best to work on it. I remember PM Cameron barking about  control UK private communications: now he can pass whatever bill he wants and people will blindly accept everything if it is for their own safety.
Don't you guys see where we are going?

kind of funny

the paris attackers lived in brussels, and sold their bar(pub) to buy the weapons and rent a car...
so no bitcoin use there...

the british attack on 7/7 2005 and american attack in 9/11 2001 was before bitcoin was even invented.

so will people please use logic and common sense, then read beyond the headline and research facts..

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin (http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html) will help slow down terrorist activities in the EU and abroad?

omg, i hope its not possible...  :-X :-X

i made prepaid VISA debit card linked with my bitcoin account on Cryptopay service, it works fine. i hope they wouldn't block it  :-\

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin (http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html) will help slow down terrorist activities in the EU and abroad?

you're not terrorist, or involved with any malicious activity(i hope) so why they should do something like that? no-sense

they are only saying that they will track more strictly every action now more than before, due to the latest terrorist attacks

governments always use tragedies and the fear of the citizens of the world to pull things they can not control into dirt. (see gulf-war, iraq-war, 9/11, etc.). Most of such attacks/tragedies have their roots in US, ISR and EU governments. I mean, anybody with average intelligence will be able to count 1 + 1. . . .

https:// pbs.twimg.com/media/CUN6vMMUAAAPtuT.jpg


my sympathy and solidarity is with the victims and their families not only to Paris but around the world.

Sure, but the brits had some advantage. They had a great architect that created a detailed plan in 1949. Now they only need to follow this plan and they are done. Fortunately Mr Orwell published his plan so that other nations can copy and realize it on their own.

In essence, instead of using Bitcoin's blockchain to help track down terrorists, the powers that be in their infinite wisdom call an emergency meeting to shutdown the best source they have in finding terrorists.

https://i.ytimg.com/vi/j1KxTGQZDbQ/mqdefault.jpg
"We're shutting you down because terrorists have been know to purchase their lemonade from you to kill innocent people. The list you provide us on a daily basis as to whom your customers are absolutely has no value to us."

I dislike the fact that terrorist use Bitcoin and I want world leaders to stop them. However, I do not wish to see Bitcoin fall apart because of criminal uses. After all ... I doubt they will be successful in cracking down Bitcoin anyway.

https://pbs.twimg.com/media/CUN6vMMUAAAPtuT.jpg


my sympathy and solidarity is with the victims and their families not only to Paris but around the world.

I will be happy to see Bitcoin disappearing if that stopped terrorist. But it won't stop them. However, I think that this kind of news or articles are more likely looking for views and exaggerating.

I do not think that stopping Bitcoin is a priority in the war against terrorism

In essence, instead of using Bitcoin's blockchain to help track down terrorists, the powers that be in their infinite wisdom call an emergency meeting to shutdown the best source they have in finding terrorists.

https://i.ytimg.com/vi/j1KxTGQZDbQ/mqdefault.jpg
"We're shutting you down because terrorists have been know to purchase their lemonade from you to kill innocent people. The list you provide us on a daily basis as to whom your customers are absolutely has no value to us."

You're right. But it is so easy to fool the public. And I think we all here knew that in one or other these terrorist attacks will be used by the governments to push forward some of their agendas and schemes. Imo it was so obvious that they would come up with some bs that ISIS use Bitcoin.Banning cash is a plan that exists since a long time. These happenings are the best fuel they can get.
But even banning Bitcoin and vanishing cash will not stop terror. It's all about control over the masses.Power and control!
But the average seems to be too stupid to see it and too naive to believe it!

You're right. But it is so easy to fool the public. And I think we all here knew that in one or other these terrorist attacks will be used by the governments to push forward some of their agendas and schemes. Imo it was so obvious that they would come up with some bs that ISIS use Bitcoin.Banning cash is a plan that exists since a long time. These happenings are the best fuel they can get.
But even banning Bitcoin and vanishing cash will not stop terror. It's all about control over the masses.Power and control!
But the average seems to be too stupid to see it and too naive to believe it!

Twenty-first century threats to human rights require twenty-first century tools to combat them.  This Administration recognizes that some oppressive governments seek to target their citizens for grave human rights abuses through the use of information and communications technology.
 In an Executive Order signed today, President Obama authorized a new program of sanctions, aimed at those who facilitate serious human rights abuses in Syria and Iran through such means.

The same Global Positioning System (GPS), satellite communications, mobile phone, and Internet technology employed by activists across the Middle East and North Africa and around the world is being used against them in Syria and Iran, as the world has witnessed particularly clearly in Syria in recent weeks.  The Syrian and Iranian governments are rapidly increasing their capabilities to disrupt, monitor, and track communications networks that are essential to the ability of Syrians and Iranians to communicate with each other and the outside world.

The Executive Order announced today by President Obama establishes financial and travel sanctions against those who perpetrate or facilitate “Grave Human Rights Abuses Via Information Technology” in Syria and Iran (or “GHRAVITY sanctions”) and will:

• Degrade the ability of the Syrian and Iranian governments to acquire and utilize such technology to oppress their people;

• Hold accountable those government officials, companies, and individuals committing or facilitating human rights abuses.
• Send a clear message that the United States recognizes and is committed to combating this new and growing human rights threat;
• Further isolate the regimes in Damascus and Tehran;
• Strengthen international norms against using information and communications technology to commit human rights abuses;
The order authorizes sanctions against persons determined:

• To have operated, or to have directed the operation of, information and communications technology that facilitates computer or network disruption, monitoring or tracking that could assist in or enable serious human rights abuses by or on behalf of the Government of Iran or the Government of Syria;

I still really don't understand why the hell people connect terrorism with bitcoins. They both are whole different things.
I know that bitcoins can be used for criminal and terrorist attacks too, but how can you be so sure about it?..cracking down on bitcoins will do absolutely nothing. If a person shoots someone , then you'll take actions against police or the gun?
I guess this explains it all.

I keep reading about this link between terrorism and Bitcoin, but I literally can't see it myself. Why Bitcoin anyway, there are thousands of currencies - what about Peercoin, Litecoin, Dogecoin and the other alt currencies?

They'll focus on one to their own detriment!

https://pbs.twimg.com/media/CUN6vMMUAAAPtuT.jpg


my sympathy and solidarity is with the victims and their families not only to Paris but around the world.

https://pbs.twimg.com/media/CUN6vMMUAAAPtuT.jpg


my sympathy and solidarity is with the victims and their families not only to Paris but around the world.

True. It's saddening to think that when poor nations get into conflict, mainstream media often tend to focus on things that aren't that much important but when rich nations get involved in such conflicts, all lights and eyes are centered towards them.

My thoughts and prayers goes to all the people struggling day to day just to get by in their lives.

I keep reading about this link between terrorism and Bitcoin, but I literally can't see it myself. Why Bitcoin anyway, there are thousands of currencies - what about Peercoin, Litecoin, Dogecoin and the other alt currencies?

They'll focus on one to their own detriment!

Artistic expression says a 1000 words and carries many meanings.
My praters are also with those who struggle to survive every day of their lives and for them to be able to surpass that and strive.

This is pointless as probably less than 5% of their money comes from cryptocurrencies. Why not ban fiat? After all, cash is being used to fund them? We should practically "crack down" on pretty much anything as a lot of things are being used for funding. This will change nothing.

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin (http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html) will help slow down terrorist activities in the EU and abroad?

Leave Bitcoin Alone. Abolish Cash Instead.

http://www.bloombergview.com/articles/2015-11-20/bitcoin-is-better-than-cash-for-keeping-track-of-terrorists

Cash was rated a "high" risk for terrorist financing, the traditional banking system a "medium" one, and e-money and virtual currencies a "low" one. "Digital currencies are currently not a method by which terrorists raise or move money out of the U.K. (though they remain a viable method for doing so)," the report said.

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin (http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html) will help slow down terrorist activities in the EU and abroad?

the french saga was funded using Euro's which came from selling a bar(pub) in brussels.

the brussels bar, years ago was purchased using a brussels business bank loan..
and repayments were made, profits were made by brussels patrons paying to get drunk over the years.

there was no money laundering or bitcoin, or cash in hand transactions.. the bar was sold legitimately to someone that wanted to genuinely own a bar

the terrorists rented a car using a credit card funded from the legal sale of a bar..

in short the paris attack was funded by a brussels (EU) bank.

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

Two of the 9/11 WTC attackers attended a commercial flight school in Florida:
https://en.wikipedia.org/wiki/Huffman_Aviation
So not just sims.....

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

So we can confirm now that the attack itself wasn't being funded by bitcoin ;)
I just wanna say that the terrorist is actually pretty smart by building a business, then attacks the nation where your business stand ::)
Kinda like undercover terrorist ::)

And i can't believe you can earn up to 7k euros in just one weekend :o

After we gained precious info from the playstation 4 chat scandal, would anyone please tell me where the heck would these evildoers even buy their toys since Silkroad has been busted  ???

After we gained precious info from the playstation 4 chat scandal, would anyone please tell me where the heck would these evildoers even buy their toys since Silkroad has been busted  ???

Leave Bitcoin Alone. Abolish Cash Instead.

http://www.bloombergview.com/articles/2015-11-20/bitcoin-is-better-than-cash-for-keeping-track-of-terrorists

i love reuters second paragraph.. september 11th cost $400k due to pilot lessons..
... hmm i seem to remember them using microsoft flight simulator.. $40

Politicians know that taking action against bitcoin is not gonna change anything. Bitcoins are less than 1% of total money used by terrorists from ISIS.
This legal actions are more publicity stunt aimed to please general public. People need to know that 'government' is doing something, even if this is totally bullshit.

Their logic is: We can't ban FIAT. So lets ban something else instead, even it is not important at all.