[2015-11-20] Reuters claims European Union plans crackdown on Bitcoin

[milaliss]

Reuters claims European Union plans crackdown on Bitcoin
The Reuters news agency reports that EU countries plan crackdown on bitcoin, quoting draft document for EU interior and justice ministers. The document contains passages about “strengthening controls.”
http://www.coinfox.info/news/3777-reuters-eu-clamp-down

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[1Referee]

It's just funny to see that they are considering doing this right now, as they could have done the same several years ago. Will they also ban cash money soon? Or the trade in valuable paintings, etc? Everything that has value can be used to finance bad activities.

People that want to harm others will always be able to do that, "banning" or "cracking down" Bitcoin and pre-paid cards won't do anything. There are plenty of ways to finance certain groups or people with bad intentions.

[Ayle56]

The strange thing about that "draft document" story is that it said there will be a meeting to discuss cracking down on virtual currencies, but they have reached a "draft conclusion" before even holding the meeting. What's the point in having a meeting if they have already made a draft conclusion before it starts?

[Digit-0]

It's just funny to see that they are considering doing this right now, as they could have done the same several years ago.

I was thinking exactly the same when i read this news, maybe the time has come? i mean maybe they was doing something like "waiting" to the correct time to do it? dont know if you understand me, but i can see something like a conspiracy theory on there.

Everything that has value can be used to finance bad activities.

Nah, only bitcoin can do it yes? at least thats what they want to show to people, you just need to check all those stupids news about that in last days.

The good side about it is that people start to wake up, how many time they will continue doing it?

[notthematrix]

ISIS Finance comes from Oman saudi arabia and qatar!
so what does europe has to do with it!
The money never needs to go there!
so A crackdown is very unefective , if planed , bitcoin cant be stoped.
only the entry points could be controled if bitcoin was used.
A bigger problem is the zero day market..... as explained here.
https://www.youtube.com/watch?v=4BTTiWkdT8Q
Because ISIS can buy is wapens in the same place the US en europe does!
And all those backdoors weaken the US and EUrope!
Bacause if meta data can be hacked the whole collecting of it is useless.
You only arrest the owners of the hacked devices , not the people that used them to communicate.
But politicians are way to dumb to even grasp this concept.....

[Hazir]

This is exactly the reason EU is in crisis now. They waste time on creating insignificant or useless laws while in reality more important matters are being neglected because they require something more that couple signed documents.

[richardsNY]

This is exactly the reason EU is in crisis now. They waste time on creating insignificant or useless laws while in reality more important matters are being neglected because they require something more that couple signed documents.

Can't agree more with you. I live in Europe and have to see how useless policies are making our living here worse with the day. Instead of wasting time on nonsense issues, go invest this time and effort when it comes to real problems.

[Kprawn]

Bitcoin is just a scapegoat for a much bigger problem. They have lost control over the hundreds and thousands of people flocking to Europe and these people are infiltrated by ISIS

too... The funding could just as easily been a bag of diamonds being brought over on one of these trips. ISIS might even be deflecting the attention towards Bitcoin on purpose, to

hide the real methods to fund terrorism. Their focus should be on these problems and the resulting consequences, when these people turn to crime to fund these attacks. I can just

as easily break into someones house and steal valuables and buy a weapon with those proceeds, if I wanted to fund a attack. Bitcoin cannot stop someone from breaking into your

house and doing that... Let's be honest... Bitcoin is not the problem here... People are the problem.