EU TIGHTENS ANTI-TERROR FINANCE CONTROLS ON A BROAD FRONT
May 1st, 2016
THE EUROPEAN Parliament is calling on the European Union (EU) to set up a watchdog to oversee transactions with virtual currencies such as Bitcoin to prevent their use to fund terrorism. The call, in a May 26 resolution, comes as the bloc goes all out to close off funding sources for terrorists, notably Islamic State (IS), following the Paris and Brussels terror attacks:
*A draft EU directive on combating terrorism - currently on the negotiating table - would make it a crime across the EU to fund terrorism directly or indirectly, including paying for fighters to ...
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