Monday, March 20, 2017

Regulation stampede in the EU

In one amendment, Parliament members call on the European Commission to investigate the role of bitcoin mixers. Amendment 257, paragraph 16, reads:[The Parliament] Is concerned by the increased use of unpermissioned blockchain applications, in particular Bitcoin, for criminal activities, tax evasion, tax avoidance and money laundering; calls on the Commission to investigate the role of bitcoin mixers in this process.This proposed amendment follows a global conference on countering money laundering and digital currencies in January which more than 400 financial investigators attending, including the FATF, Interpol, Europol, CEPOL and the Basel Institute on Governance. During the event, participants were told that: “All countries are advised to take action against Digital Currencies Mixers/Tumblers”.
We are developing a regulation smart contract machine to handle this stuff, and keep it out of pure cash.  

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