Quote from: Chase on November 19, 2015, 08:18:30 PM

Quote from: RJF on November 19, 2015, 07:37:46 PM

Quote from: DNotes on November 19, 2015, 07:22:18 PM

Interesting find. UK money laundering risk and terrorist financing assessment. Digital Currency among the lowest risk.

http://dcebrief.com/wp-content/uploads/2015/11/nraoml.jpg

http://dcebrief.com/wp-content/uploads/2015/11/mlrr.jpg

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/468210/UK_NRA_October_2015_final_web.pdf

In other news, "EU clamps down on bitcoin, anonymous payments to curb terrorism funding" though digital currency is not the only thing they are proposing to crack down on "strengthen controls of non-banking payment methods such as electronic/anonymous payments and virtual currencies and transfers of gold, precious metals, by pre-paid cards,". It's a sad event that occurred and has the potential to have even greater consequences by brash reactive action.

http://www.reuters.com/article/2015/11/19/us-france-shoooting-eu-terrorism-funding-idUSKCN0T81BW20151119#DuRQxIuR2ybzo2kC.97

They should read their own research once in a while. As usual, financial "regulators" rush in where wise men fear to tread. Hopefully, the public will not take this threat to financial freedom lying down although, that may be wishful thinking on my part. It has been shown throughout history that "knee jerk" reactions only fuel the fires of ignorance. Good research, level headed thought and public involvement put the flames out.

The chart says something different - It looks like they need to crack down on cash and banks. Here's a good one (if you follow the twisted logic of the EU): The banks are handing out the cash which is used to buy the bitcoin, so the banks are at fault (the buck stops here rule). Grin

What they are missing, AGAIN, is that cash is 100% anonymous and bitcoin leaves a trail. sigh...

Well, of course. That makes perfect sense. ISIS reportedly has several million dollars in Bitcoin assets, so crack down on Bitcoin. They're also reported to have at least a BILLION dollars in other currency assets, so... oh look: a squirrel!