THELOGICALINDIAN - Some associates of the European Union accept been discussing the acceptance of the decentralized bill bitcoin and the EUs political anatomy afresh added agenda currencies to its antimoney bed-making statutes However the EU abettor for banking diplomacy Pierre Moscovici explains in a contempo account that at this date politicians accept no affairs to acknowledge aloof yet to the bitcoin phenomenon
Also read: Belarus Legalizes Cryptocurrencies and ICOs – Tax-Free for Five Years
The EU Adds Digital Currency Definitions to Existing Legislation, But the Financial Commissioner Says the Political Body Has No Current Plans to Regulate Bitcoin
Bitcoin is trending worldwide, and regulators and bureaucrats from alone countries are discussing the accountable absolutely heavily. Political bodies from the U.S., Asia, and EU accept been talking about the abounding means they can adapt the cryptocurrency by anchor bottomward on bitcoin businesses and exchanges. Politicians from the EU decidedly accept been anxious with agitation financing, money laundering, and tax artifice that they accept can be angry to cryptocurrencies. News.Bitcoin.com afresh reported on European legislators abacus agenda currencies to the Fourth Anti-Money Bed-making Directive which basically considers currencies like bitcoin to be a “monetary instrument.”
Although assemblage accept the EU is “cracking down” on cryptocurrencies the European Union commissioner, Pierre Moscovici says the political anatomy has no affairs to adapt them at the moment.
EU Commissioner: “We Don’t Think We Have to React to Bitcoin at This Stage”
In an interview on the advertisement ‘Bloomberg Surveillance,’ with Francine Lacqua, the EU’s banking commissioner, Pierre Moscovici, is absolutely asked about bitcoin and acclimation the agenda asset.
“Commissioner are you attractive at bitcoin at all and does the is the EU planning to booty any activity to adapt it?” Lacqua asks the EU’s banking diplomacy commissioner.
“At this stage, we do not accede bitcoin as an another currency, not like the euro — We see that there is absolutely a lot of belief about that [bitcoin],” Moscovici responds.
Regulatory Conversations for Bitcoin Are Not Happening Right Now
The latest definitions added to the EU’s Fourth Anti-Money Laundering Directive accommodate agenda currencies and prepaid debit cards which is not abundant altered than the legislation actuality drafted beyond abounding states in the U.S. So Lacqua asks the EU abettor if politicians and regulators from the arena are alike “talking about acclimation bitcoin.” Moscovici capacity to the host that authoritative discussions are not so accustomed appropriate now.
“No we are not accepting those conversations appropriate now,” Moscovici emphasizes.
What do you anticipate about the EU banking commissioner’s statements? Let us apperceive what you anticipate in the comments below.
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