EXCLUSIVE: EU Planning Mandatory Bitcoin User Database

By Mark Taylor (July 28, 2016, 10:45 PM BST) -- A mandatory database tracking users of cryptocurrencies such as bitcoin could be introduced by 2019, a source close to the matter told Law360 on Thursday, as European leaders turn the heat up on anonymous money transfers in the wake of several terrorist atrocities.

Europe's financial regulators have explicitly told banks not to handle bitcoin or other virtual currency exchanges due to the risks involved and the potential threat of sanctions. (Credit: AP) The European Commission, the EU's executive body, believes the terrorist attacks in Paris and Brussels were partly funded by dark web digital currency transfers, and is determined to snuff...

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