Paris Attackers Used Prepaid Bank Cards, so EU Cracks Down on Bitcoin

[kreslik.news]

Following the Paris attacks last year, the European Union (EU) regulators planned a crackdown on bitcoin and other cryptocurrencies in an effort to tackle the financing of terror. Now French investigators say they have proved that prepaid bank cards were used by the terrorists and the EU is seizing on that to push forward its plans.

The idea is that European cryptocurrency exchanges will be forced to increase client identification efforts to effectively end anonymity on their platforms. While these measures could potentially help curb some tax avoidance, another supposedly pressing matter in the EU, it is not clear how this could possibly stop any ... (read more)