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Crypto-crackdown: EU agrees on new rules to curb bitcoin anonymity

December 17th, 2017
Categories: Past News

Link: https://www.rt.com/news/413397-eu-targets-bitcoin-anonymity/

The EU is targeting bitcoin anonymity, saying the measure is needed to tackle tax evasion and other crimes. Anonymity of the cryptocurrency holders is a built-in feature that the EU hopes to undermine.

The new rules concerning cryptocurrency passed on Friday by the European Parliament and the European Council are part of a larger package, which also target prepaid cards and trust funds. The agreement is meant to be enshrined in legislation within 18 months by EU members.

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