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The UK and EU want to force bitcoin users to reveal their identities





Bitcoins and a ten pound note are seen in this illustration picture taken September 27, 2017.

  • The UK and other EU governments plan to regulate cryptocurrencies, including bitcoin, amid concerns they are being used for money laundering.
  • New legislation will bring cryptocurrencies in line with anti-money laundering and counter terrorist financing legislation by increasing transparency.
  • The new legislation is expected to come into effect next year.

LONDON — The UK government is planning to crack down on bitcoin as concerns grow that cryptocurrencies are being used to facilitate financial crimes and launder money.

The Treasury is planning new legislation that will mean anti-money laundering and counter terrorist financing rules apply to cryptocurrency in future, according to reports in read more >>>

Source:: BusinessInsider.Com

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