Citing fears that cryptocurrencies could allow people to do things illegally, the EU Commission VP is calling on the governing body to crack down hard on cryptocurrencies, and especially to hone in on ways to prevent cryptocurrencies from allowing anonymous transactions.
Whenever authoritarians like this VP of the EU use phrases like “unlawful,” substititute the phrase with “action that the state cannot monitor or control.” The EU lives and dies on its power to track exchange of value between entities so that it can impose its fee (tax), a fee it knows will get paid because of the implied, and sometimes direct, threat of violence against the entity that dares not cough up the fee for having the ‘privilege’ of exchanging value with another entity.
I, for one, welcome the emergence of the crytpo-black market.
|Bitcoin to come under EU regulation as Brussels plots to kill cryptocurrency anonymity|
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