BIG NEWS: Europen Union Cracking Down on Bitcoin

[countryfree]

The first article is from Reuters:

http://www.reuters.com/article/2015/11/19/us-france-shoooting-eu-terrorism-funding-idUSKCN0T81BW20151119#8CZ7HWAkXbylDZoe.97

It talks about BTC and prepaid credit cards. I don't believe they would do much against the second because that would hurt the poor. Most people have a standard credit card from their bank, but millions have a bad credit history. They can't get a normal credit card, nor a check book, so prepaid credit card is the only option for them. Somehow, BTC's a bit like that. Politicians from the left should fight that crack down, if it occurs as poor people would feel the pain much more than terrorists.

[franky1]

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.

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

[mixan]

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

Not necessarily since they would transfer from one place to the another and not in large quantities to be flagged as some suspicious activity.
I would think they would mix it up too having so many different sources from around the world. Just my speculative theory on how they would work it out.

[meono]

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.

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

Yeah. I'm shocked that this story got such headline. Totally BS.

When the rumor first showed up, it was proved to be BS. There is no proof of anything. The wallet address BS is not even there.

The beauty of BTC is you can actually check to see the fund is there or not.

[ReigningPigs]

It's quite funny how governments try to crack down on Bitcoin when they simply can't no matter what they do because its decentralized.

[chek2fire]

we must see what can they do with bitcoin. They will shut down all the p2p network? This is ridiculous. And the more ridiculous is that they think isis get money from bitcoin. Where they exchange that bitcoin in raqqa or in mosul?
Isis is a bunch of moron that they cant even use their brains not to use a high tech system like bitcoin

[BlindMayorBitcorn]

They ought to start by cracking down on these bad-boys:



The bad-guys love 'em.

http://www.dailymail.co.uk/news/article-1277892/Britain-axes-500-euro-note-organised-crime-fears.html

[freedomno1]

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

Do you think cracking down on bitcoin will help slow down terrorist activities in the EU and abroad?

No if anything it will just slow down the legitimate use of Bitcoin for a while, Bitcoin will grow however hopefully without the government making knee jerk reactions in regards to it.

[mayax]

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.

It's just "business", nothing personal with Bitcoin. Bitcoin is just a "tool" for these guys to get rich. They will create or find other tool with less headaches.

[chek2fire]

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.

[meono]

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.

Wow, i want whatever you're smoking.

No wonder an idiot like you would be against big blocks.

[Arcteryx]

Govenments around the world just don't have control of bitcoin as they do with their backed fiat. That's why they want it outlawed because they are scared of it.

[gogxmagog]

Bogus news reports like "govt cracks down on btc to stop terrorists" are just easy propaganda.
Release news that a currency hardly anyone uses will face increased regulation does 2 things; it makes people think the government is doing something, and it appeases the public that they won't be affected.
The terrorists may very well use btc, but I'm sure it is a small percent of their total funding.
If they wanted to stop terror they wouldn't have installed, armed, trained and funded them in the first place.

Besides, everyone knows ISIS prefers dodge.

[fuddudle]

Fud.

Why would they announce very good terms for bitcoin as a currency and tax leniency and then attack it right after. Media propaganda to herd the sheep once again.

Don't give in guys.

[bitbaby]

This is just a FUD. They don't need to receive their money in bitcoins and have it converted back and forth to use it. They're getting funded by 40 countries as said by Putin and what they're doing is selling oil illegally to these countries and black market.

Read this:

At this point, I suspect they're largely self-funding. They are reported to have taken over the Iraqi National Bank in Mosul which gained them several tens of millions of dollars, if not more. They are also selling oil on the black market, earning in the area of a million per day.

https://www.quora.com/How-is-ISIS-funded-and-how-do-they-operate


And they probably have control of lot of international bank accounts which they use to bring in money.

[teddy5145]

The meeting is taking today, let's pray for bitcoin and it legalibility in eu

Thanks to this news the price of btc is goind down today

[Kakmakr]

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.

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

You are 100% correct, there are more to this FUD than most would imagine. The problem is, a lot of the ignorant people out there, who do not care to browse a little, will read this and accept it as the truth. Next thing you know they are spreading these lies on Social media and it becomes office gossip and Pub talk.

These nay-sayers are already in two minds about Bitcoin and lies like this just makes it worst.

[sanas]

Bitcoin is much more traceable than fiat. The EU should ban cash if they really want to crack down on the transfer of terror funding.

[jacktheking]

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.

[franky1]

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..