THELOGICALINDIAN - In a Reddit column a user aggregate that his coffer broadcast a announcement instructingthem to address anyone who has bitcoin affairs of over 1000 EUR The announcement reportedly indicateshow surveillance works how the arrangement is monitored and says that some bitcoin exchanges accept been afraid to abet with the authorities
Aside from that, the admonishing is additionally accompanied by a Europol report stating that 84 accounts in the country accept been flagged as suspect, and 52 are beneath surveillance and investigation.
Some say that this could aloof be allotment of the authorities’ analysis on bitcoin affairs and cryptocurrency developments. However, the cutting abhorrence is that this move appear stricter blank could abolish the aloofness address of the bitcoin network.
Bitcoin affairs are recorded on a accessible balance alleged blockchain but these don’t accommodate any advice on the sending or accepting party. This has fabricated bitcoin the bill of best amid those who appetite to abide bearding while appointment funds, decidedly those in the underground markets such as the now asleep Silk Road.
Upon afterpiece investigation, the announcement was appear to be advancing from the Netherlands, as the authorities cited were allotment of the Dutch Financial Intelligence Unit (FIU). Interestingly enough, Amsterdam is accepted for actuality one of the cities that are best accessible to bitcoin developments.
The affiche says that the coffer accustomed a account of IBAN accounts that are already consistently monitored because they accord to high-volume traders and exchanges such as Kraken, Bitstamp and BitcoinD. In accession to advertisement bitcoin affairs beyond 1,000 EUR, the banks additionally accept to report accounts that accept added than €10,500 per year (outside of salary) if it suspects that the funds arise from bitcoin exchanges.
The announcement indicates that transfers like these could articulation bitcoin affairs to criminal activities such as terrorism and adolescent pornography.
