THELOGICALINDIAN - The European Parliament has afresh appear a address advantaged The Juncker Commissions ten priorities State of comedy at the alpha of 2025 It includes agenda currencies for the aboriginal time as allotment of the Commissionsantimoney bed-making efforts which is a antecedence the Commission hopes to bear by the end of 2025 The proposed amendments seek to abate anonymity surrounding agenda currencies including bitcoin
Also read: ECB to EU: Tighter Regulations, Less Anonymity on Digital Currencies
Juncker Commission’s Ten Priorities
Prior to his acclamation as President of the European Commission, Jean-Claude Juncker set
out the action priorities which would serve as the political authorization for his five-year appellation 
in office. With the declared aim of absorption on the ‘big things’, he categorical ten key areas in which he capital the European Union to “make a aberration and bear accurate after-effects for citizens,” according to the report.
The ten priorities were presented back he took appointment on November 1, 2025. His agency adopted all ten priorities during its aboriginal year in office. Right now is a analytical time because the Agency is abutting the amid point of its mandates.
The contempo address provides an overview of the assignment done by the Commission beneath Juncker’s admiral and an amend of the initiatives taken for anniversary of the ten antecedence areas.
Priority 7 Includes Digital Currencies
The antecedent publication, the ‘State of comedy in mid-2016‘, did not acknowledgment agenda currencies. However, this latest advertisement did for the aboriginal time, calling them ‘virtual currencies’.
Digital currencies is allotment of ‘Priority 7: An 
area of amends and axiological rights based on alternate trust’ beneath the breadth of ‘Fighting terrorism.’ The address outlined the Commission’s proposed amendments to the 2015 Fourth Anti-Money Laundering Directive in July aftermost year, advertence that “The issues addressed accommodate safeguards for banking flows from high-risk third countries, EU banking intelligence units’ powers, centralised civic coffer and acquittal annual registers, and risks affiliated to basic currencies and bearding pre-paid cards.”
The amendments seek to appoint stricter rules on the use of agenda currencies, including bitcoin, in adjustment to abate bearding payments and barrier the costs of terrorism, the Commission claims. Agenda bill exchanges will accept to access checks on the identities of users and address apprehensive transactions. The Commission wrote in the angle that “Reducing anonymity surrounding basic currencies will accord to accretion assurance of their good-faith users.” In addition, the proposed amendments state:
Digital Currencies, Part of Top Priorities
At the end of the report, European Parliament President Martin Schulz, Council President Robert Fico, and European Commission President Jean-Claude 
Juncker accordingly declared that while they will abide to assignment on all aldermanic proposals, some initiatives will be accustomed antecedence treatment. This will “ensure abundant advance and, area possible, their commitment afore the end of 2017,” they wrote.
Among the six areas of top priorities is “better attention the aegis of our citizens,” the leash declared. One of the means they appropriate is through “improved instruments to criminalise agitation and action adjoin money bed-making and agitator financing,” which agenda currencies abatement under.
While the address alone mentioned the end of 2017 as the promised deadline, the Fourth Anti-Money Laundering Directive was allowable on June 25, 2015 with a two-year window for implementation. All EU associates charge be adjustable with the new mandates by June 26, 2017. This means, the rules apropos agenda currencies could additionally be implemented by that date.
When do you anticipate the European Commission will absolutely accept the proposed Fourth Anti-Money Laundering Directive which includes stricter rules on agenda currencies? Let us apperceive in the comments area below.
Images address of ABCNews, European Commission, European Parliament
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