EU Parliament states Virtual Currencies cannot be anonymous - Wait... What??steemCreated with Sketch.

in bitcoin •  8 years ago 

The European Parliament recently published a report detailing amendments to the Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. "Virtual currencies are a marginal phenomenon at present,” the Parliament states, “it is possible that they will become increasingly important."

Source: https://bravenewcoin.com/news/eu-parliament-states-virtual-currencies-cannot-be-anonymous/

Here is amendment 26 from the report by the European Parlement:

'virtual currencies' means a digital representation of value that is neither issued by a central bank or a public authority, nor attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically. Virtual currencies cannot be anonymous.

Virtual currencies cannot be anonymous?

They really don't understand the blockchain technology.
Are they going to ban math?
Or do they think they are God?

Then God said, "Let there be light". And there was light.
Then the EU said, "Virtual currencies cannot be anonymous", and they where no longer...

These unelected old guys need to understand that times are changing and that virtual currencies can, and will be anonymous if people create them to be anonymous. They can't regulate an industry they have no control over. Please leave us alone...


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Well looks like someone let stupid out its cage aye?

  ·  8 years ago (edited)

Please leave us alone...
I want cryptones. No colored papers.

Haha. Yes. Probably going to ban math. :)

The funny indeed. Am wondering though what these politicians will come up with to try to enforce. Obviously they can get tech firms in to develop analyses system based on behavioural analyses, photo recognition and matching systems, next to reading blockchains and blogs and then map to real identities. I'm wondering how much such approach will be able to discover, eg how many of the accounts here at Steemit can be linked to real individuals, ie their other more popular social media, their email addresses, their real identities, their place of living etc. I will not be surprised if a considerable amount of 'anonymous' accounts can be linked to real identities, just using relative simple tools available to even us (eg photo recognition, google image search, plain ols ready blogs, matching account/usernames with other blogs and forums).

welcome to 1984 ...