[2016-07-06] ToI: Here's why European Commission wants stricter rules for BTC

[polynesia]

Here's why European Commission wants stricter rules for Bitcoin and other virtual currencies

http://timesofindia.indiatimes.com/tech/tech-news/Heres-why-European-Commission-wants-stricter-rules-for-Bitcoin-and-other-virtual-currencies/articleshow/53077836.cms

The European Commission proposed on Tuesday stricter rules on the use of virtual currencies and prepaid cards in a bid to reduce anonymous payments and curb the financing of terrorism.

Virtual currency exchange platforms will have to increase checks on the identities of people exchanging virtual currencies, such as Bitcoin, for real currencies and report suspicious transactions.

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[polynesia]

Similar story by Firstpost.

http://tech.firstpost.com/news-analysis/stricter-rules-proposed-on-bitcoin-prepaid-cards-in-fight-against-terror-by-eu-323892.html