European Commission Proposes the Creation of a Bitcoin User Database
July 29, 2016
Bitcoin Wallets, Coins, Crypto, Finance, News

The European Commission, a branch of the European Union, has proposed the creation of a centralized database of Bitcoin users, their identities, wallets and financial operations. The directive seeks to prevent the use of the cryptocurrency to finance terrorist movements and their operations. According to the proposal, financial intelligence units (FIUs) will have access to this centralized database. If the proposal gains enough traction members of the European Union will have to …
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