Digital Currencies Can’t Be Anonymous, Says EU Parliament

Digital Currencies Can’t Be Anonymous, Says EU Parliament
In an amendment to the most recent directive issued last July, the EUP indicated
that digital currency “does not possess the legal status of currency or money” and, beyond that, that digital currencies “cannot be anonymous.”
This is the latest anti-laundering directive and one which seems to focus particularly on digital currencies, which the EUP refered to as “marginal”
at the present time, although it did allow for the possibility “that they will become increasingly important,” according to BraveNewCoin.
The Parliament has reportedly also suggested the creation
and maintenance of a central database for the purpose of “registering users’ identities and wallet addresses accessible to FIUs, as well as self-declaration forms for the use of virtual currency users.”
The Parliament concluded that “competent authorities should be able to monitor
the use of virtual currencies in order to identify suspicious activities.”
One of the major draws of cryptocurrency to the wider world has been its free and anonymous status, considering
that it is not tied to any central bank and that transactions are typically done via heavily encrypted and secretive procedures.
In a recent report, the European Parliament detailed several amendments related to the
use of financial systems for money laundering and financing of terrorist activities.
Through the course of the directives, the EUP’s definition of money laundering has evolved to
include drug offenses, impositions on the financial world, terrorist activities, and more.

http://blog.webhits.io/digital-currencies-cant-be-anonymous-says-eu-parliament/
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