The European Union is trying to decide what to make of Bitcoin and other digital currencies.
In general, the EU Commission has decided not to regulate. At least for the moment.
But at the same time, the EU is expanding its’ regulations against money laundering and terrorism funding.
And from that perspective, the recommendation seems to be that it should be required to register when exchanging digital currencies for traditional ones — or the other way around.
Naturally, this is inconvenient. And it might be yet another obstacle on the road to general acceptance of digital currencies.
But it might also be an opportunity to expand the Bitcoin ecosystem and to make it more or less autonomous — so that you will never have to change Bitcoins for fiat money.
But for that to happen, the Bitcoin society needs to get its’ act together. The present uncertainty about technical matters is a killer — that may thwart a coming Bitcoin Moment or kill it off altogether.
/ HAX
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