EU Commission Wants Increased Oversight Over Bitcoin as it's "Used by Terrorists"

[kreslik.news]

Another high ranking European bureaucrat is again talking about cryptocurrencies as a tool used by terrorists without presenting any evidence or research on the matter. The European Commission is proposing a number of updates to the rules they want to rush through for the Fourth Anti-Money Laundering Directive, only introduced last year, using the recent attacks in Paris to advance this aim.

Under the banner of confronting emerging threats to European national security, the vice president of the commission, Valdis Dombrovskis, says: “We want to improve the oversight of the many financial means used by terrorists, from cash and cultural ... (read more)