11 Sep '13, 1pm

Belgium’s finance minister has no objection to bitcoin

Belgium’s finance minister has no objection to bitcoin

Belgium’s finance minister has no problem with bitcoin, he said last week, although he pointed out that there are few people there using it. Minister of finance Koen Geens responded to a parliamentary question about bitcoin, commenting that he wouldn’t see the Belgian National bank having any objection to bitcoin, and stating that for the moment its use is limited to a handful of traders. The nation’s anti-money laundering organization – the Cellule de Traitement des Informations Financières – hasn’t received any guidance on the cryptocurrency. Geens reportedly added that although privacy and anonymity were a big part of bitcoin, there was no indication that the cryptocurrency is used on a large scale for money laundering. Any exchange of large amounts of bitcoin would be detected by the financial control systems, he argued. Chris D’Costa, chair of the Belgium chapter of t...

Full article: http://www.coindesk.com/belgiums-finance-minister-has-no-...

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