EU To Crack Down on BitCoin Claiming to Prevent Terrorism

A Bitcoin (virtual currency) paper wallet with QR codes and coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. REUTERS/Benoit Tessier

A Bitcoin (virtual currency) paper wallet with QR codes and coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris July 11, 2014. REUTERS/Benoit Tessier

European Union countries are of course using terrorism as the excuse to now crackdown on any virtual currency claiming that anonymous payments made online and via pre-paid cards “can” be used by terrorists without any proof they even know how to use such currencies. The EU is using terrorism to crackdown on taxes without admitting that is really what they are after.