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September 28th, 2016 | by BTC News
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MEPs call for virtual currency watchdog to combat money laundering and terrorism
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Image by European Parliament
The EU Commission should set up a taskforce to monitor virtual currencies, like Bitcoin, to prevent their being used to launder money or finance terrorism, said Parliament in a non-binding resolution voted on Thursday.

The proposal, set out in a resolution drafted by Jakob von Weizsäcker (S&D, DE) suggests that the taskforce, which would be overseen by the Commission, should build expertise in the underlying technology of virtual currencies. It would also be tasked with recommending any necessary legislation, but the text warns against taking a heavy-handed approach to this new technology which, it says, can offer significant opportunities for the consumer and economic development.

www.europarl.europa.eu/news/en/news-room/20160524IPR28821…

These photos are free to use under Creative Commons licenses and must be credited: "© European Union 2016 – European Parliament" (Attribution-NonCommercial-NoDerivatives CreativeCommons licenses creativecommons.org/licenses/by-nc-nd/4.0/). If you need higher resolution files do not hesitate to contact us. Please do not forget to send the link or a copy of the publication to us: photobookings(AT)europarl.europa.eu

Is Bitcoin a Safe Investment?
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Image by moneymetals
First published by Money Metals here: www.moneymetals.com/news/2016/08/24/how-safe-is-bitcoin-0…

Private keys (supposedly) provide assurance that a Bitcoin holder’s account is safe. But, in less than three years, two seminal events have served to give bitcoin users financial heartburn. Is it safe?

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