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The EU is Now Targeting â??Unpermissionedâ?� Blockchains

Posted by Knocklife Entertainment on March 20, 2017 at 2:10 PM

The EU has recently been very active in attempting to regulate digital currencies, including bitcoin. Last week, Bitcoin.com reported on the European Parliament’s proposal to amend the EU’s fourth Anti-Money Laundering Directive (AMLD), tackling digital currency anonymity. Now, a different proposal submitted by Parliament members is targeting specific areas of digital currency applicable to the EU fintech framework, including “unpermissioned” blockchains.

 

Also read: Digital Currency Regulation Heats Up In The EU As Parliament Proposes Additional Rules

 

New EU Proposal Considers Bitcoin Mixers, Energy Usage, and VATMany of the EU’s efforts to regulate digital currencies have been through amending the AMLD. Still in its early stage of the EU legislative process, this new proposal seeks to amend an existing EU fintech proposal called ‘Fintech: the influence of technology on the future of the financial sector (2016/2243(INI))’. In a recent draft report, members of the European Parliament urge the European Commission to consider several amendments directly concerning bitcoin and other digital currencies.

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