Europe wants end to anonymous Bitcoin transactions

[randy8777]

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/

stupid eu .. they are falling out with each other over refrugee crisis ..they are attacking bitcoin for hiding this.. but they wont succeed in this.. bitcoin is unstoppable..

the entire world will try to squeeze out bitcoin to try stop its growth. let them do whatever they want, and let them implement as many new anti bitcoin rules as they want. as you say, bitcoin won't stop. it will continue to grow. i only wonder what will happen if bitcoin becomes really mainstream. the goverments will surely go insane.

[blunderer]

...
the entire world will try to squeeze out bitcoin to try stop its growth. let them do whatever they want, and let them implement as many new anti bitcoin rules as they want. as you say, bitcoin won't stop. it will continue to grow. i only wonder what will happen if bitcoin becomes really mainstream. the goverments will surely go insane.

You're the guy in the passenger seat who starts mouthing off to a cop that pulled me over. Trust me, there's plenty they can do.

...

[kevin go]

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/

stupid eu .. they are falling out with each other over refrugee crisis ..they are attacking bitcoin for hiding this.. but they wont succeed in this.. bitcoin is unstoppable..

the entire world will try to squeeze out bitcoin to try stop its growth. let them do whatever they want, and let them implement as many new anti bitcoin rules as they want. as you say, bitcoin won't stop. it will continue to grow. i only wonder what will happen if bitcoin becomes really mainstream. the goverments will surely go insane.

im just wondering how long they try to refusing btc?instead of btc is grwoing quite fast..and many people is trying to using btc althought not that much..i see some people using btc and feel comfort and happy with it..
let see what will happend..

[Armando]

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/

stupid eu .. they are falling out with each other over refrugee crisis ..they are attacking bitcoin for hiding this.. but they wont succeed in this.. bitcoin is unstoppable..

I can't see anything about stopping anonymous transactions, here it is:

......
The plan therefore calls for virtual currency exchange platforms to be brought under the scope of the European Anti-Money Laundering Directive, which would mean exchanges would have to report just who used their services and when they were used. The Action Plan says “The Commission will also examine whether to include virtual currency 'wallet providers'.”
......

Reputable exchanges have KYC anyway and about wallet providers... even if they will be super-over-regulated there would be solutions like bitcoin core etc. So IMO all this changes nothing

[OSAC5CO]

Today's world is very much against anonymous transactions and everyone is against it at least countries view, I don't think they will be able to though.

Russia is trying. Its not working.

[ctlaltdefeat]

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/

another bad news for bitcoin,just see that russia start to prevent bitcoin for payment,and now europe will disturbing bitcoin,but i think virtul currency not easy like that to be regulated.

[owm123]

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/

another bad news for bitcoin,just see that russia start to prevent bitcoin for payment,and now europe will disturbing bitcoin,but i think virtul currency not easy like that to be regulated.

Its enough they regulate exchanges, or put some ridiculous taxes or rules on them. This can easily drive ppl out of exchanges.

[BellaBitBit]

Nothing to see here people.  Whats new? First, Bitcoin transactions are not totally anonymous and second, Coinbase knows more about me than my bank does.  More press to cause panic - doesn't mean jack.

[pooya87]

the only thing they can do about bitcoin anonymous transactions is to force businesses like exchangers and such to report their transactions. they can't to this to regular people. besides i am sure part of it is because they want to take taxes from these businesses which they could not control if it was anonymous.

Nothing to see here people.  Whats new? First, Bitcoin transactions are not totally anonymous and second, Coinbase knows more about me than my bank does.  More press to cause panic - doesn't mean jack.

then stop using coinbase and set a bitcoin wallet yourself!

[Armando]

the only thing they can do about bitcoin anonymous transactions is to force businesses like exchangers and such to report their transactions. they can't to this to regular people. besides i am sure part of it is because they want to take taxes from these businesses which they could not control if it was anonymous.

Nothing to see here people.  Whats new? First, Bitcoin transactions are not totally anonymous and second, Coinbase knows more about me than my bank does.  More press to cause panic - doesn't mean jack.

then stop using coinbase and set a bitcoin wallet yourself!

Right, it's much safer to use one website/app/software as wallet + other ones just for buying, selling trading etc. Don't store all of your eggs in one basket - and this is not about regulation etc it's just a common sense

[mayax]

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/

another bad news for bitcoin,just see that russia start to prevent bitcoin for payment,and now europe will disturbing bitcoin,but i think virtul currency not easy like that to be regulated.

Its enough they regulate exchanges, or put some ridiculous taxes or rules on them. This can easily drive ppl out of exchanges.

There is already a law for electronic money institutions which apply to all the exchangers from EU but they don't respect it. In short, they are out of law.

The EU will enforce this law properly and done. Each exchanger from European Union MUST have a financial license because they are dealing with money. What the exchangers are doing(that KYC or AML) is nothing. You are giving your personal details to some companies you know nothing about and which are not supervised by anybody.

Each financial license company have strict rules(according to law) regarding to where they store your information, who can access this information( from their staff ), etc.
Do you think BTC-e or Bitstamp has these rules?  NO!

A financial licensed company has the same rules as a bank. They must comply with a lot of things. Can someone tell me where is the BTC-e office?

 A real financial company must have a real office, external auditor, accounting, compliance officer and so on. BTC will remain as a tinny shit as long the exchangers will not be financial licensed.

[sandal]

This should be a given.  Any nation-state will want to restrict anonymous currency transactions.  It is not in their interest to be in the business of having no information on how currency (power) is transacting. 

With that said, they can "want" to end Bitcoin all it wants... I'm sure most nations "wanted" to end Bitcoin at one point or another of Bitcoins life.

[mayax]

This should be a given.  Any nation-state will want to restrict anonymous currency transactions.  It is not in their interest to be in the business of having no information on how currency (power) is transacting.  

With that said, they can "want" to end Bitcoin all it wants... I'm sure most nations "wanted" to end Bitcoin at one point or another of Bitcoins life.

It's not about ending something, it's about regulation. Nobody is against Bitcoin itself. They are against unregulated exchangers.  Also, it's about a FAIR competition.

If "you" would own a company who is a financial electronic money institutions with a real license, you have a lot of staff, you have to pay a lot of money to cover their salaries, taxes, costs for maintaining the financial license, rent, accounting, auditors and so on...wound't you mind that a company like BTC-e, Bitstamp is doing financial transactions (exactly like your company) and they put all the money they earn in their pocket without paying taxes, without having any rules, without complying with anything?

A small financial licensed company can have expenses of + 30,000 Euro per month. So, each month, firstly, you have to cover the expenses and then to think about you.
You = a person with bills, with a family..with a real life...so you need money as well. Wouldn't you be pissed off because an unfair competitor? YOU WOULD, for sure!

It's VERY hard to make +30.000 Euro monthly from the fees you get from exchanges. Don't look to Coinbase which is sustained by their investors. Coinbase will be bankrupted without them. That company cannot sustain itself by making profit from the fees it gets from exchanges.
 

[Karartma1]

This whole thing of trying to control BTC is pretty hilarious but it's a big concern. BTC is a powerful tool that can give us financial freedom from TPTB and that is what the big guys in suit don't want.

[shiryu]

I don't understand the problem with anonymous because anonymous people interested with bitcoin. it's so funny

[ahpku]

This whole thing of trying to control BTC is pretty hilarious but it's a big concern. BTC is a powerful tool that can give us financial freedom from TPTB and that is what the big guys in suit don't want.

Sounds disruptive...


Stay Wild, Rebels!

[Wapinter]

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.

To me anonymous nature of bitcoin transaction is not the plus point or the reason of my using bitcoin.Bitcoin has many more benefits like decentralized,fast,no chargeback etc so I am fine if bitcoin anonymity is taken away and I hope I am not the only one with this view

[mayax]

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.

To me anonymous nature of bitcoin transaction is not the plus point or the reason of my using bitcoin.Bitcoin has many more benefits like decentralized,fast,no chargeback etc so I am fine if bitcoin anonymity is taken away and I hope I am not the only one with this view

fast? come on! Bitcoin is fast?   

[Wapinter]

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.

To me anonymous nature of bitcoin transaction is not the plus point or the reason of my using bitcoin.Bitcoin has many more benefits like decentralized,fast,no chargeback etc so I am fine if bitcoin anonymity is taken away and I hope I am not the only one with this view

fast? come on! Bitcoin is fast?  

Is it not? Does it take ages for you to send and receive bitcoin? I send and receive almost instantly.How long does it takes at your end?

[mayax]

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.

To me anonymous nature of bitcoin transaction is not the plus point or the reason of my using bitcoin.Bitcoin has many more benefits like decentralized,fast,no chargeback etc so I am fine if bitcoin anonymity is taken away and I hope I am not the only one with this view

fast? come on! Bitcoin is fast?  

Is it not? Does it take ages for you to send and receive bitcoin? I send and receive almost instantly.How long does it takes at your end?

15-20 minutes.