EU hates Bitcoin

[Kakmakr]

Michael Jackson hates bitcoin too. He never said it but that's my opinion so I'm going to say it with nothing to back it up. The EU is not even a thing that can hate 'bitcoin' anyway, how can a collective of countries hate a virtual currency? Some people in the EU will hate bitcoin, others will not.

Germany and France are anti bitcoin.

http://www.telegraph.co.uk/technology/2018/02/09/france-germany-demand-bitcoin-clampdown/

They are even calling for a cooperative regulation among countries. They are the most vocal among the EU countries but I don't think that other nation will listen to them. I guess this is going to be a long war.

But we all know that bitcoin is unstoppable at this point, If you are going to go against it. Then you will be left out. And I'm sure that even though that their might be some EU countries that will ban it, their citizens will find a way to engaged themselves in trade or investment.

The French is like a dog, chasing their own tail. These EU countries opened their doors for imigrants from all over the world and now they stuck with problems associate with these actions < Money laundering / Drug trafficking / Terrorism funding >

After all the terrorist attacks in France, it is easier for governments to scare their people. They will use this as a scare tactic to force people to give up some "freedom" that they would not have done, prior to these attacks. < A lot of fud are being spread about Bitcoin and terrorism funding, to get people to give up their rights. > 

[Windbeard]

Recently, the PNC bank threatened one of its customers, buying bitcoin. Barclays closed the student account after his transactions in bitcoins. British banks generally avoid cooperation with companies using crypto currency - that step forces them to open accounts not in the UK but in Gibraltar, Poland and Bulgaria. Anson Zella, head of the Singapore Cryptocurrency and Blockchain Industry Association or Access, said his organization received complaints from 10 companies that faced problems with Singapore banks.

[The_prodigy]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

Do you have any proof of this claim? Can you cite the news sources where they have explicitly said that bitcoin is banned from them? Because I think that aside from Asia, the EU or the European union would be one of the first places that a digital currency would be embraced. It is important to note that this countries are advanced and may have the capacity to integrate bitcoin to their economy

[cryptogirlboss]

Glad to hear your opinion, I think EU had more serious problems to deal before hating or worry about bitcoin (es. immigration?)

they eventually want to introduce measures to regulate and even there was recent news from BCE about EU banks in the future to store cryptos assets!

[metenjean]

That is absolutely true. The EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money. The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future.

New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. It will include rules forcing traders to reveal their identities in some circumstances. Under an EU-wide plan, online platforms where currencies are traded will be made to carry out due diligence on buyers. The UK government is currently negotiating amendments to the fourth anti-money laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into anti-money laundering and counterterrorist financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update legislation to bring virtual currency exchange platforms into anti money laundering and counter terrorist financing regulation. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust

This is happening in every countries around the world now as bitcoin legalization and implementation of tax rules for bitcoin being tested, not only EU but i think every superpower countries hate bitcoin as they tried to banned it at first to stop overflowing tax evasion money outside their own countries but then they realized that they can't banned it so instead they tried to regulated it by implementing tax law

[boboking]

That is absolutely true. The EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money. The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future.

New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. It will include rules forcing traders to reveal their identities in some circumstances. Under an EU-wide plan, online platforms where currencies are traded will be made to carry out due diligence on buyers. The UK government is currently negotiating amendments to the fourth anti-money laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into anti-money laundering and counterterrorist financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update legislation to bring virtual currency exchange platforms into anti money laundering and counter terrorist financing regulation. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust

First if they regulate crypto currency it does not mean they hate it actually the  more obvious reason for regulation is they want to get their cut. If they are going to earn something from crypto currency  then i am pretty sure they will fall in love with bitcoin. The money that it can produce for the government will be big.

Now for the terrorist and money laundering, yes it is possible that this criminals are using bitcoin or crypto currency and creating a law is a must. This type of people should rot in jail and law enforcements can not do that if there are no law in existance.

[MaleKing]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

Do you have any evidence to prove it or is this just your opinion? We would like to see facts.

That is absolutely true. The EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering. government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money. The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future.

New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency. It will include rules forcing traders to reveal their identities in some circumstances. Under an EU-wide plan, online platforms where currencies are traded will be made to carry out due diligence on buyers. The UK government is currently negotiating amendments to the fourth anti-money laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into anti-money laundering and counterterrorist financing regulation, which will result in these firms' activities being overseen by national competent authorities for these areas.

We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to update legislation to bring virtual currency exchange platforms into anti money laundering and counter terrorist financing regulation. Industry players want the same thing as politicians - cryptocurrencies that offer cheap, frictionless, international transactions used for legal purposes. If anything, regulation will only increase bitcoin's rate of growth as regulation lends credibility and engenders trust

Regulation doesn't mean that they are actually hating Bitcoin. Regulations are necessary to integrate the new blockchain technology in our society and make it more secure overall.

[Btcvilla]

LOL
That's not true. Why do you think like that? EU accepted Bitcoin, but they just want to regulate it's anonymity. In Europe there is so much Bitcoin-Euro live exchanges.

yes, should the OP should prioritize the analysis first before it actually makes a post. I just want to advise on OP
for the future try to find references and analyze before actually making the discussion material in this forum.

[surix]

I don't see that, OP can give more facts to support your argument?

Some EU countries, like Poland, seems not to be very friendly with BTC; but others I would say it's not bad.

[captin crunch]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

Why do you think that EU hates it? And what do you mean under hating?

[BrowneFlora]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

I don't think the eu will ban bitcoin. They just want better supervision of bitcoin, which makes bitcoin transactions more standard, and worries about the impact of bitcoin on domestic economic development.

[Zsywt1024]

This is not an accurate question
We can easily misunderstand this issue ：Some EU member states have proposed that international regulation be required ,This is to be discussed in the G20 meeting next month
But it can not be directly assumed that the EU banned bitcoin,The EU plays an important role in the blockchain world as an important part of blockchain technology,I dare say that "Siemens" in the next blockchain is about to be born
Countries need to stabilize financial markets, regulation is necessary,I believe most community friends will agree

[Zsywt1024]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

Do you have any proof of this claim? Can you cite the news sources where they have explicitly said that bitcoin is banned from them? Because I think that aside from Asia, the EU or the European union would be one of the first places that a digital currency would be embraced. It is important to note that this countries are advanced and may have the capacity to integrate bitcoin to their economy

hello ,The_prodigy ,Korea Japan as a part of Asia,Already considered in front of the regulatory
Blockchain has actually developed rapidly in Asia,I am from China so I understand what you mean
What a country needs is financial stability,So bitcoin will not be banned,Even in our country,There are other words in the government's development plan that support blockchain technology
We will know the result next month's G20 meeting,I am not against you, but Asia is also an important part

[Ranly123]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

I dont think EU hates digital currency, for in fact they are trying to regulate the trades in cryptocurrency to avoid anonymity of it. They support cryptocurrency but it is security that they are concerned of because cryptocurrency could also be used in crimes like drug business and financing terrorism.

[Ariess]

The EU hates digital currency do you think the EU will ban bitcoin but that will be a big problem.

from which you assume about the EU, please provide me the references you have read. it seems you are wrong and judge, yes. your knowledge is still very shallow
try to find more knowledge about crypto and bitcoin in this forum.

[btcprospecter]

Banks and governments are now realising that crypto currencies are here to stay it is their biggest competitor now and anything they can do to keep control they will do.

They can't control how it is taxed how it moves from person to person without a form of regulations, I'm sure we will see this in years to come.

[giogio0504]

A lot of countries in EU are accepting bitcoin, and it is not illegal, as EU law do not prohibits it. Why do you think that it hates Bitcoin?

[chesegrinder]

as for A Member of Executive Committee of European Central Bank Yves Mersch. He warned the entirely speculative nature of bitcoin’s value was a cause for concern. He also Warned banks investing in cryprocurrency because the risk it have taken/carried. But he include that some process of bitcoin should be undertaken, means EU are not hating bitcoin but they should normalize or regulate it so that it can not be use in funding terrorist or in money-laundering.

[marydale]

That may be your opinion but please you need to back it up with facts such as citing links!
Try and read this artile where UK (a member of EU) noted "cryptocurrency industry as being severely misunderstood by mainstream institutions" thus the establishment of Crypto UK trade Body. Enjoy reading and hope this changes your opinion and perspective. hehehe

 https://news.bitcoin.com/seven-companies-form-uk-cryptocurrency-trade-body/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

[albos]

Who said they hate Bitcoin? Do you have any relative source about this?