28 Jan '16, 5pm

France and Germany to Strengthen Control on Bitcoin and Ripple

France and Germany to Strengthen Control on Bitcoin and Ripple

French Federal Finance Minister Wolfgang Schaeuble and former minister of social affairs Michel Sapin have proposed a set of financial measures to the European Commission, to urge the control of bank accounts and digital currencies. Over the past few months, European nations including Germany and France have begun to express their concerns towards the “anonymity” of digital currencies such as Bitcoin and Ripple, and their involvement in “financing of terrorism.” Due to the increase in the use of bitcoin in purchasing illicit goods on the dark web and hacking attacks, Germany and France have been pressuring the EU Commission to implement improvised policies to control electronic and anonymous payment systems. “Although much of the evidence is still anecdotal, concerns have been expressed by LE and financial experts in the wider international environment that commercial CSE ...

Full article: http://www.newsbtc.com/2016/01/28/france-and-germany-to-s...

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