The European Crackdown on Bitcoin is MisguidedHere we go again. It didn’t take long after the Paris attacks for somebody to point the finger at Bitcoin. The digital currency was included in a list of possible methods used by ISIS and maybe other terrorist organizations to move money around. That is quite possibly the case. We have seen by their use of Facebook and Twitter that these terrorists are tech-savvy, and diversifying illicit money is, from the perspective of those involved, a sensible precaution. In fact, I would be surprised if they didn’t use some form of digital currency in some way. Even so, the stated intention of the European Union to crack down on Bitcoin in the immediate aftermath of the attacks looks more like a panicked reaction than a reasoned response.
http://www.nasdaq.com/article/the-european-crackdown-on-bitcoin-is-misguided-cm545083