EU Plans Database of Bitcoin Users with Identities and Wallet Addresses

in #cryptocurrencies8 years ago (edited)

"The European Commission  is proposing the creation of a database that will hold information on  those using virtual currencies and that will record data on the  users' real-world identity, along with all associated wallet addresses. 

This is the first proposal part of an action plan that the EU got rolling after the Paris November 2015 terror attacks and that it officially put forward in February 2016 and later approved at the start of July 2016

As we wrote in our article from a few weeks back,  the action plan, a reform of the Anti-Money Laundering Directive (AMLD)  so it would also include the terms "virtual currency," was only approved  by the (EU President) Juncker Commission. 

New AMLD will end anonymous Bitcoin transactions in the EU

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Digital currency exchanges and wallet providers  operating in Europe will most likely have to abide by the reformed AMLD  and force EU users to register with their real information so that FIUs  could track down individuals behind suspicious operations.

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Initial estimations have the reformed AMLD reaching the European Parliament for a final vote later in the year"

From Softpedia


Is there any public campaign to stop it?