Post
Topic
Board Economics
Re: The EU wants transparency on Cryptocurrencies
by
jeronimosuykens
on 15/04/2018, 22:19:57 UTC
The financing of money laundering and terrorism is a huge problem all over the world, we know that but i think the demands of the European Parliament are not related to these issues, they are just excuses. They want our information because they want to manage our money, it's their job.

Assuming these regulations would be implemented, how would they "manage our money"?
I see this problem in two different directions.
First, if there are legal regulations on cryptocurrency, this market will be secured and investors will be more secure when entering the market, which will make the market grow stronger.
Second, if managed, the cryptocurrency and confidentiality will no longer exist because the government will control the transaction, which will upset the unwilling investors.