[NEWS] EU report says criminals find it hard to use virtual currencies

[Spoetnik]

I have seen no one else bring this up.
I have said lots look out when huge drug cartels etc latch onto "coins"
They have a desire to launder obscene amounts of money i have pointed out lots.
The Mexican drug cartel alone handles mind shattering amounts of money..

So ?

Read this

https://www.neowin.net/news/eu-report-says-criminals-find-it-hard-to-use-virtual-currencies

Sample..

The European Commission has released a new report which suggests that while organized criminals would like to use cryptocurrencies, they don’t because of their lack of knowledge in the technology. The findings are quite surprising as Bitcoin is mainly known for facilitating criminal activities.

On the flip side.. https://www.neowin.net/news/two-more-banks-roll-out-support-for-microsoft-wallet

[findingthemoon]

Well even criminals are exposed to other criminals so having millions of dollars in bitcoin can put off drug cartels knowing that is they don't secure it well they can lose it all without any prospect of finding out who took it.

One thing from your article though that might concern some people is this proposal:

The Commission would issue a report to be accompanies, if necessary, by proposals, including, where appropriate, with respect to virtual currencies, empowerment to set-up and maintain a central database registering users’ identities and wallet addresses accessible to FIUs, as well as self-declaration forms for the use of virtual currency users.