Ξ welcome to cryptostorm's member forums ~ you don't have to be a cryptostorm member to post here Ξ
∞ take a peek at our legendary cryptostorm_is twitter feed if you're into that kind of thing ∞
Ξ we're rolling out voodoo network security across cryptostorm - big things happening, indeed! Ξ
Ξ any OpenVPN configs found on the forum are likely outdated. For the latest, visit GitHub Ξ

[The Stack] EU proposes end of anonymity for Bitcoin and prepaid card users

Industry news items concerning VPNs, darknets, crypto, surveillance and secure computing.
User avatar

Topic Author
parityboy
Site Admin
Posts: 1096
Joined: Wed Feb 05, 2014 3:47 am

[The Stack] EU proposes end of anonymity for Bitcoin and prepaid card users

Postby parityboy » Sat Feb 06, 2016 11:41 pm

In May 2015 the EU adopted the Fourth Anti-Money Laundering Package, and the new regulations are intended to bring virtual currencies and prepaid cards – and, in effect, any ‘burner’-style anonymous currency methods – under the terms of that legislation, with full oversight.

The ‘Bitcoin-ban’ will effectively prevent Bitcoin from being turned back into ‘real money’ within the EU, and the primary effect such legislation is likely to have will be in the area of illicit purchases from the ‘dark net’, where users can currently purchase drugs to be posted to an address of their choice from the various outlets that survived the fall of the Silk Road deep web narcotics websites.


Source

Return to “crypto, VPN & security news”

Who is online

Users browsing this forum: No registered users and 4 guests

cron

Login