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European Council to propose rules for Bitcoin activity

Monday 15 February 2016 09:23 CET | News

The European Council has revealed plans to propose rules for digital currency exchanges and wallet providers in the region by June 2016.

The news comes on the heels of a move by the European Commission to set the stage for stricter oversight of exchanges and wallet service providers. On 2nd February, the Commission said that it seeks to help identify the users who trade in virtual currencies, as well as end the anonymity associated with such exchanges.

The Commission is preparing to monitor and potentially prohibit transactions from high-risk countries that enter the EU.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, European Council
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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