30 Jan '16, 12am

European Parliament discusses Bitcoin and virtual currencies for the first time

The European Parliament is made up of 751 democratically elected representatives from the 28 member states of the European Union (EU). It’s the legislative body of Europe and resembles the United States Congress in form and function, although larger. The legislature has the power to pass laws that affect all EU member countries, but lacks the authority to draft them. Like their American counterparts, they have many committees that meet occasionally, and on Monday, their Committee on Economic and Monetary Affairs met to discuss a few pressing matters including, for the first time ever, Bitcoin and virtual currencies. The European Parliament's Committee on Economic and Monetary Affairs held the hearing in Brussels where attendees spent the first hour and a half, of their four-hour meeting, speaking and primarily asking questions about virtual currencies. A little less than a...

Full article: http://bravenewcoin.com/news/european-parliament-discusse...

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