The UK and EU want to force bitcoin users to reveal their identities
|12/04/2017||Posted by BusinessMediaguide.Com under General World News||
- 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.