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EU clamps down on virtual currencies and anonymous payments

Friday 20 November 2015 00:10 CET | News

EU countries have planned a crackdown on virtual currencies and anonymous payments made online and via pre-paid cards in a bid to tackle terrorism financing.

According to online media outlet Reuters, EU interior and justice ministers will gather in Brussels on Friday for a crisis meeting called after the Paris carnage of last weekend.

They will urge the European Commission, the EU executive arm, to propose measures to strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards.

Electronic anonymous payments can be made also with pre-paid debit cards purchased in stores as gift cards.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, blockchain, virtual currencies, anonymous payments
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3