THELOGICALINDIAN - The EUhas afresh been actual alive in attempting to adapt agenda currencies including bitcoin Last anniversary Bitcoincom appear on the European Parliaments angle to alter the EUs fourth AntiMoney Laundering Directive AMLD arrest agenda bill anonymity Now a altered angle submitted by Parliament associates is targeting specific areas of agenda bill applicative to the EU fintech framework including unpermissioned blockchains
Also read: Digital Currency Regulation Heats Up In The EU As Parliament Proposes Additional Rules
Many of the EU’s efforts to adapt agenda currencies accept been through alteration the AMLD. Still in its aboriginal date of the EU aldermanic process, this new angle seeks to alter an absolute EU fintech angle alleged ‘Fintech: the access of technology on the approaching of the banking area (2016/2243(INI))’. In a contempo draft report, associates of the European Parliament urge the European Commission to accede several amendments anon apropos bitcoin and added agenda currencies.
Investigating the Role of Bitcoin Mixers
In one amendment, Parliament associates alarm on the European Commission to investigate the role of bitcoin mixers. Alteration 257, branch 16, reads:
This proposed alteration follows a global conference on countering money bed-making and agenda currencies in January which added than 400 banking board attending, including the FATF, Interpol, Europol, CEPOL and the Basel Institute on Governance. During the event, participants were told that: “All countries are brash to booty activity adjoin Agenda Currencies Mixers/Tumblers”.
Energy Usage and VAT
Some amendments in the angle circumduct about Bitcoin mining’s “high energy” acceptance such as Amendments 159 and 252. One alteration reads:
Some allowances of agenda currencies and blockchains were additionally added to Amendments 160 through 162, including antagonism of currencies and application an altcoin for solar activity credits. 
The Parliament “stresses that the accepted actualization of bill antagonism amid civic currencies and clandestine basic currencies could account addition and amount stability”, one proposal reads.
Fintech and blockchain initiatives such as a solar bread as able-bodied as analysis to accomplish “environmentally amenable activity use and behaviour” are additionally welcomed, according to Amendment 162, in adjustment to “reduce the ecology amount of Bitcoin-mining and accompanying activities”.
Another alteration apropos bitcoin is one area taxation of payments fabricated with agenda currencies was suggested. In October 2015, the EU Court of Justice ruled that bitcoin transactions are absolved from Value-Added Tax (VAT) “under the accouterment apropos affairs apropos to ‘currency, coffer addendum and bill acclimated as acknowledged tender’”. A Parliament affiliate added Alteration 160 which reads:
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