Europe wants end to anonymous Bitcoin transactions

[abercrombie]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

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1713864554

[Snorek]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

It is hypocrisy at its finest, let's castrate bitcoin - it is the root of all evil! EU fucked up with refugee crisis and years of pure bureaucracy dulled their minds.
It is the another idiotic idea, they think that taming bitcoin will gonna change something with Islamic terrorism and money laundering? This is not the way, gentlemen.

[owm123]

That should be easy then, as bitcoin is not anonymous anyway: http://www.bitcoinisnotanonymous.com/

What is anonymous, is cash. I wonder if EU is also planning to ban cash?

[Lauda]

You shouldn't worry about this. How are they going to end the pseudo-anonymity of something that they don't even understand? Besides, the most that they can do is request more information from companies.

[Amph]

i think that they are not understanding that you can not stop a decentalized system

old generation is still not well aware how a decentralization work, yes they can hinder adoption, but adoption currently it's a joke anyway, only geek people are using bitcoin basically...

[LFC_Bitcoin]

You shouldn't worry about this. How are they going to end the pseudo-anonymity of something that they don't even understand? Besides, the most that they can do is request more information from companies.

Exactly! Hilarious read, yeah good luck trying to enforce that. I always have a little laugh when I read about banks, governments, offical bodies etc threatening to clamp down on certain aspects of bitcoin. How exactly.....

[twister]

There is nothing wrong with this tbh, they want companies to keep track of who is buying/selling bitcoins, coinbase and other similar exchanges around the world already do this.

[Lauda]

There is nothing wrong with this tbh, they want companies to keep track of who is buying/selling bitcoins, coinbase and other similar exchanges around the world already do this.

If they are going to protect the customers of such companies then there is nothing wrong. Nobody who uses Bitcoin is forced to use those companies and can retain their pseudo-anonymity.

Exactly! Hilarious read, yeah good luck trying to enforce that. I always have a little laugh when I read about banks, governments, offical bodies etc threatening to clamp down on certain aspects of bitcoin. How exactly.....

Maybe if they understood it, I'd take them seriously.

[dothebeats]

That should be easy then, as bitcoin is not anonymous anyway: http://www.bitcoinisnotanonymous.com/

What is anonymous, is cash. I wonder if EU is also planning to ban cash?

Pseudo, they forgot to append pseudo in the term anonymous to describe bitcoin. Also, more UNLIKELY help to terrorism came from cash/fiat, and I wonder how they are not seeing this one and tend to look at bitcoins instead. :/

[enhu]

What they should first solve is making sure their ladies are safe from the raping refugees instead. Sooner they'd all be invaded if very event in their cities includes rape scenes.
Thats a bigger problem than stopping making bitcoin transactions anonymous  when in fact it isn't at all.

[talkbitcoin]

so all the problems with fiat is solved and there is no more money laundering and numerous criminal acts being done using fiat?! they ended those and now starting on bitcoin!!!

[franky1]

everyone CHILL OUT

its not about bitcoin.
its about unregulated exchanges that handle FIAT

they are not going after bitcoin-core to start demanding users hand over ID, its purely exchanges that handle FIAT unregulated.

so chill out, its not an attack on bitcoin

[bargainbin]

You shouldn't worry about this. How are they going to end the pseudo-anonymity of something that they don't even understand? Besides, the most that they can do is request more information from companies.

Exactly! Hilarious read, yeah good luck trying to enforce that. I always have a little laugh when I read about banks, governments, offical bodies etc threatening to clamp down on certain aspects of bitcoin. How exactly.....

https://bitcointalk.org/index.php?topic=178336.msg13762899

@franky1: you do understand that Bitcoin is pretty much useless once you take away its money-laundering potential ($$$ -> BTC -> $$$), right?

[fair_player]

Europe wants end to anonymous Bitcoin transactions

Money-laundering powers seen as crimp on terror funds if virtual currencies offer (unlikely) help
3 Feb 2016 at 07:18, Simon Sharwood

http://www.theregister.co.uk/2016/02/03/ec_virtual_currency_regulation_suggestion/

It is hypocrisy at its finest, let's castrate bitcoin - it is the root of all evil! EU fucked up with refugee crisis and years of pure bureaucracy dulled their minds.
It is the another idiotic idea, they think that taming bitcoin will gonna change something with Islamic terrorism and money laundering? This is not the way, gentlemen.

Well, they can sure try, but I don't see how that could work in the practical world. The monitoring of transactions could lead to something, but not the identity of such money launderes or terrorists

[knowhow]

My vision about this high interest at bitcoin is to being able to taxe the companies who offer their service at bitcoin,soo i believe they wanna to know how many coins being traded,as they should realise they cant stop bitcoin and even control it.

[MedaR]

I think Europe has more important problems than Bitcoin.
Immigration second wave is going to begin.
Political instability.
Terrorism.
US with much stronger centralized government didn't try to ban bitcoin..

[bargainbin]

I think Europe has more important problems than Bitcoin.
Immigration second wave is going to begin.
Political instability.

Know a bitcoiner who loves and stands behind his government? Me neither.

Terrorism.

Bitcoin funded. Because can't be controlled by statist pigs, not like their filthy fiat.

US with much stronger centralized government didn't try to ban bitcoin..

Some claim Bitcoin's a NSA honeypot...

[HeroCat]

Bitcoin transactions are public, Blockchain transactions you can see very easy. So everything is very clear - BTC anonymity do not exist. 

[lostintranslation]

Bitcoin transactions are public, Blockchain transactions you can see very easy. So everything is very clear - BTC anonymity do not exist. 

Of course it exists at some level. How do you link a transaction to a specific person's identity??

[DimensionZ]

The immigrants need to smuggle their money in Europe using bitcoins obviously imagine what will happen if they get caught red-handed.