KCN: Control of Bitcoin transactions in the EU
Channel: KCN News
Date: 2017-01-13

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Control of remittances in EU. European Union is planning a database that will assign every cryptocurrency wallet to its holder’s identity. After the collision with terrorist activity, the EU believes a lot of the funding for terrorism is done anonymously through bitcoin. Current anonymity means you can send payments to a wallet without your identity being detected .  Now EU governments will be able to attach a user's ID to every transaction done within the EU zone for incoming and outgoing transactions.
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