Europe wants to ban blockchain technology?

[SourThunder]

Sad news, better to prepare yourself because they will try to do something against Bitcoin. If they don't ban it, they will want fees over it. This EU should end, they disrespect the individual rights and the countrie's soberany. Everything they want is to rule, live on confort, everything with europeans money. Demagogues and hypocrites,

You spoke my hearts out, my friend. I hate their government from my heart's core. Rich, filthy hypocrites, always banning people's rights and trying to make money from almost anything. I never really visit their countries because of the high tax of foreigners and the way they look down upon Asian countries. They should be left to rot in their own tiny world, but oh! They are the main cause of world terrorism and nuclear race.

[olubams]

news.bitcoin.com is officially added to my news site shitlist with this new title they chose for their article because it has nothing to do with banning blockchain technology and i have seen other articles from them that were worthless click baits.

I agree with this because after going through the article in detail I must just conclude that its a means to get traffic to the site and nothing else because from the article the banning being blown out of proportion is not even an option on the and that is even the last option if they will go that route not even in 2018 that is coming. It is not a threat or a "tiiping" point to attract the attention that will necessitate that...

[error08]

Link: https://news.bitcoin.com/europe-power-ban-blockchain/

The European Securities and Markets Authority (ESMA) is responsible for promoting investor protection, orderly markets and financial stability. At a blockchain conference last week in London, Patrick Armstrong, Senior Risk Analysis Officer, detailed ESMA’s approach to blockchain technology. One strategy he noted was to ban blockchain products or processes altogether.

This is really bad news that waiting to happen, we hope not as He said :
However, Armstrong confirmed that ESMA is not considering this first approach. “We can rule out the first restrictive approach,” he said, citing that the authority does not see blockchains posing risk to its three objectives; stability, protection and integrity.
Bitcoin is good business for financial advance, what the reasons they should ban bitcoin as it doesn't risk those three objectives.

[Juggy777]

This is really not a good news for blockchain and I hope this does not happen. But recently only swizz and Paris started accepted Bitcoin so why would they do it now. It's not a good move and will effect so many people who have investment in it. Or is it cause their currency is getting lowered a step to revive it.

[romero121]

European Union is in a plan to ban Blockchain technology, but I'm sure that it won't be that easy to ban the technology within the countries falling under the union. Importantly due to the advancement more and more sectors, even banking sectors have started adoption of Blockchain technology. Banning is possible only if an alternate solution is generated with an technology similar to Blockchain.

[Mastsetad]

How can you ban blockchain technology? I mean how is that possible? Would't that be like trying to ban mathematics?

They will simply ban its usage in the territory, as long as they have access on all internet connections they can easily block a thing like that not to be used by anyone in their control, that is how it can be done i guess, don't have much knowledge about all that though.

[tiggytomb]

Not a fan really of one decision being made and then all countries having to abide by the ruling, the UK and the Brexit still might not go ahead as it now needs to be signed off and voted for by parliament, if it does not go through we will definitely see some interesting times.

[NeuroticFish]

They will ban nothing. They will do as usual: spread "news", do the "wait and see" game as long as possible and when they will see that there's no harm in blockchain (excepting that it may get some money off the banks and imho that's why the ban is asked for) they will go for "facilitative or catalyst approach".

Of course, the banks will try to make EU politicians ban blockchain, for various reasons.
And of course, we will have to say it loud that we support the blockchain.

[amacar2]

I don't think this gonna effect bitcoin in any sense, they may regulate or even tighten the rules regarding bitcoin trading but there will be no point for EU to ban bitcoin totally or in other words they can't simply ban bitcoin.  

No matter what approach is taken, Armstrong concluded his speech by emphasizing how regulators need to “strike the right balance between the regulation and the technology.

They may search to establish balance between bitcoin and its regulation.

[Barbut]

I don`t believe in this, why would Europe do something like this, to protect euro? `One strategy he noted was to ban blockchain products or processes altogether.` and in the same time they claim how this ESMA has power to ban bitcoin, so they just wish to scare us.
If you ask me this just shows how they are scared from bitcoins, bunch of bank owners, corporations saw what bitcoin can become and now they wish to show to people who trust in fiat how they have power to shut down what ever they don`t like.
When I reading something or watch, I like to check out comments below, there I see what people think about news and even there is a lot of trolling sometimes, there is some very smart people and their comments are show true state of something, I wish to copy first comment that reflect my opinion also"

Black Dynamite! `The E.U. is pretty stupid and poorly managed, so I expect them to ban blockchain, or attempt to.
This is what a poorly-conceived globalist state would do to maintain their fleeting control.  BD`

[Carlsen]

I strongly doubt something like that is ever going to happen.
I really believe there are too many bitcoin friendly countries in the EU.
By the way, don't they have bigger problems to solve at the moment?

[boybugs18]

Most bitcoin friendly countries is in Europe if I'm correct and many will protest about it because it will affect online transaction of bitcoin user if they interfere many will lose profit/revenues because of this action so it might be stop if implemented if people using bitcoin will petition. Hoping its not final.

[chesatochi]

I strongly doubt something like that is ever going to happen.
I really believe there are too many bitcoin friendly countries in the EU.
By the way, don't they have bigger problems to solve at the moment?

They have a lot to manage in Europe right now, so the best for them in the contrary is not to be scary for a new of this topic. For myself, this new have no real value and I don't think this would happen.

I don't know why, but I know bitcoin will succeed there.

[sportis]

       If this not the personal opinion of a government functionary but reflect thoughts of official members of European Union then it is sad to say that Europe will come back to Middle Ages. At that years had burned many people who had been accused of being sorcerers and witches. Now EU demonizes a revolutionary innovative technology. I feel that european citizens they will lose the train because of their political parties actions

[20kevin20]

Many, MANY countries in the European Union are using Bitcoin in a few, if not a lot of their businesses. What will the owners of Bitcoin ATMs do? What will mostnof us here, on the forum do? We cannot accept that and I do not think Bitcoin can be controlled that easy.

[deisik]

How can you ban blockchain technology? I mean how is that possible? Would't that be like trying to ban mathematics?

I've heard that some American court had once banned the law of gravity

This is really bad news that waiting to happen, we hope not as He said :
However, Armstrong confirmed that ESMA is not considering this first approach. “We can rule out the first restrictive approach,” he said, citing that the authority does not see blockchains posing risk to its three objectives; stability, protection and integrity.
Bitcoin is good business for financial advance, what the reasons they should ban bitcoin as it doesn't risk those three objectives

That guy, I mean Armstrong, seems to be a great prankster. He might have been shorting Bitcoin heavily himself and thus interested in spreading this type of FUD. It would be extremely interesting to find out how many members of that ESMA agency have bitcoins themselves. The former chairman of the Central Bank of Russia, Herman Greff, confessed that he had some bitcoins...

I guess Bitcoin should be particular handy in bribing all these clowns

[davis196]

Link: https://news.bitcoin.com/europe-power-ban-blockchain/

The European Securities and Markets Authority (ESMA) is responsible for promoting investor protection, orderly markets and financial stability. At a blockchain conference last week in London, Patrick Armstrong, Senior Risk Analysis Officer, detailed ESMA’s approach to blockchain technology. One strategy he noted was to ban blockchain products or processes altogether.

The european bureaucracy is dangerous for bitcoin and the blockchain.

I will continue to use btc and i don`t care if they will ban the blockchain or not.

[Yutikas_11920]

Link: https://news.bitcoin.com/europe-power-ban-blockchain/

The European Securities and Markets Authority (ESMA) is responsible for promoting investor protection, orderly markets and financial stability. At a blockchain conference last week in London, Patrick Armstrong, Senior Risk Analysis Officer, detailed ESMA’s approach to blockchain technology. One strategy he noted was to ban blockchain products or processes altogether.

The european bureaucracy is dangerous for bitcoin and the blockchain.

I will continue to use btc and i don`t care if they will ban the blockchain or not.

Everything is indeed might just happen, for all countries or groups have different purposes and they also have views in something different. so if we can't do something a good thing then it will only make our trust and confidence against bitcoin and blokchain to be less good. Your thinking is indeed dangerous, but it all happened because I saw that you consider bitcoin and blockchain would be a very good future

[yayayo]

news.bitcoin.com is officially added to my news site shitlist with this new title they chose for their article because it has nothing to do with banning blockchain technology and i have seen other articles from them that were worthless click baits.

Yes, Bitcoin.com is a pile of dung. Everybody visiting Bitcoin.com or posting "news" from it should be aware that it is a propaganda site of racketeer Roger Ver, where he pushes his various company and altcoin investments and spreads propaganda for UnlimitedCoin.

In this case, the "news" is pure click-bait, without any tangible implications for Bitcoin. The EU just set up another bureaucracy unit. That's all. There are no concrete plans of banning Bitcoin or its technology. And even if their were, Bitcoin doesn't care.

considering that Italy is next on the chopping block (however unlikely because of the benefits given from the EU to Italy) it could mean that the state of the EU is incredibly shaky and, honestly, if Italy leaves, it will start to spell the end of the Union. More countries will aim to opt out, and especially in Le Pen gets in in France, then it is over.

Italy vote on their EUxit this weekend, right?

No, not directly. They vote on internal government structure and their PM attached his political fate to it (will resign if he looses). In turn, there will likely be a new election in Italy, which Euro-Skeptics form left and right will likely win.

ya.ya.yo!

[fiscorcle]

You must be kidding. Why in the hell would Europe want to ban an innovative technology like this?
That is just hitler like of them coming onto communist motives to block out progression of their people.

Fear from the EU Banks are the mastermind behind this audacity.