Bitcoin: UK and EU plan crackdown amid crime and tax evasion fears
by Julia Kollewe from Technology | The Guardian on (#39QYT)
Cryptocurrency close to record high despite news Treasury plans to end traders' anonymity
The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.
The Treasury plans to regulate bitcoin and other cryptocurrencies to bring them in line with anti-money laundering and counter-terrorism financial legislation. Traders will be forced to disclose their identities, ending the anonymity that has made the currency attractive for drug dealing and other illegal activities.
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