[2018-06-5] EU Terror Funding Study: Crypto No Greater Threat Than Tdtl Currency

[buwaytress]

In a study published Monday, the EU parliamentary think tank has concluded that cryptocurrencies present no more of a threat to terrorist financing than fiat currencies, while improved regulations, industry intelligence, and community relationship building offer the strongest policy actions to combat the threat.

The report was commissioned by the European Parliament's Policy Department for Citizens' Rights and Constitutional Affairs, conducted to asses the risks imposed by the rapidly changing, decentralized space of virtual currencies.

To read more: https://bitcoinnews.com/eu-terrorist-funding-study-crypto-no-greater-threat-than-traditional-currency-increased-regulations-required/

[felixesteban]

It was one of the biggest charges on the cryptos and it was wiped out with this report. Anything can be used for bad purpose, like the internet. But that doesn't mean it's completely bad.

[davis196]

That myth is busted.Now all the crypto haters will have to shut up about this topic.However,they will continue
crying about the money laundry and HYIP/ponzi ICO scams with cryptocurrencies involved.
The world terrorism isn`t funded with cryptocurrencies.It is funded by pertodollars, coming from Qatar and Saudi Arabia.

[kevoh]

Asides the fact that there are methods to trace crypto transactions on a blockchain, the volatile nature of cryptocurrency price makes it unattractive for criminal intents.

The fact that a crypto coin/token can lose over 75% of its value in a short period and then take months to recover, if at all it will, makes it a poor choice for criminal intentions as opposed to Fiat currency.