Over the past few months, the EU, in collaboration of international law enforcement agencies have dedicated a significant allocation of its operations in exploring the application of bitcoin in the dark web. Particularly, the organization has been investigating the use of bitcoin in purchasing illicit goods like weapons and drugs, and hacking groups like DD4BC which demanded ransoms in bitcoin. (…)
Regardless of the growing number of “criminal” activities involving digital currencies including bitcoin, EU’s European Commision and its senior financial services official Olivier Salles stated that it is too early to impose various regulations and financial policies on bitcoin, as technologies are easy to fail when regulated.