EU REGULATORY ROUND UP – EU PLOTS VIRTUAL CURRENCY FRAUD CONTROLS
September 1st, 2017
THE EUROPEAN Commission has proposed a new revamped European Union (EU) directive on combating fraud and counterfeiting of non-cash means of payment, with a key aim of criminalising scams associated with virtual currencies.
This legislation, which updates now obsolete 2001 rules, would insist EU member states treat as crimes possessing, selling, procuring, importing and distributing a stolen or unlawfully appropriated counterfeited or falsified non-cash payment instruments.
It would, said a Commission note, expand the scope of the offences across the EU ...
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