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EU proposes stricter rules on Bitcoin, prepaid cards
Published Tue, Jul 5, 2016 · 09:50 PM
Strasbourg
THE European Commission proposed on Tuesday stricter rules on the use of virtual currencies and prepaid cards in a bid to reduce anonymous payments and curb the financing of terrorism.
Virtual currency exchange platforms will have to increase checks on the identities of people exchanging virtual currencies, such as Bitcoin, for real currencies and report suspicious transactions.
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