Reason for bitcoin sudden plunge revealed uk plans regulatory crackdown on cryptocurrencies

Next step needs to be that whoever thinks they are issuing money cannot be anonymous, either. So far less than cash then. He points us to the example of the encryption program PGP, which the U. Keep me logged in.

To be honest, AML regulation of bitcoin exchanges seems like a logical regulatory extension even if that seems heretical to a crypto-anarchist. Skip to content No, the U. A lot of folks have been panicking since an article in BTCmanager described some proposed new legislation working its way through the U.

Skip to content No, the U. No, wait I think that means implementation of MLD4 picked up in the context of current bitcoin hysteria. Update your browser here today to fully enjoy all the marvels of this site.

This will remove much of the edge cryptocurrencies currently enjoy in the form of regulatory arbitrage. But I think it's good that this will probably also make users take more care when choosing an intermediary in this space, now that they're potentially storing the information that's required in order to verify a user's identity too. The time now is So far less than cash then.

UK and EU plan to regulate cryptocurrencies and reveal bitcoin users' identities businessinsider. Ministers are launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax. The Serious and Organised Crime Command said the number of cases involving cryptocurrencies has gone from "zero" at the start of to several dozen today, and they believe this number will increase.

When we have possession of one, we can learn a great deal without needing to also know the associated private key; we know, for example, the transaction inputs and outputs associated with a given address. It's an announcement timed to answer questions about risk coming from various angles. Update your browser here today to fully enjoy all the marvels of this site.