Sunday, November 22, 2015

Here we go… EU goes after Bitcoin under guise of ‘funding terrorism’

In the aftermath of the terror attacks in Paris last weekend, leaders within the European Union (EU) are functioning as expected by engaging in a reactionary crisis mode as they attempt to appear relevant following the deaths of over 100 people.  And using the axiom coined by former U.S. Chief of Staff Rahm Emmanuel where governments should never let a crisis ‘go to waste’, EU ministers have begin focusing on Bitcoin rather than the root causes of the attacks by claiming the crypto-currency is a primary platform for the funding of terrorism.
Bitcoin in itself is amoral, and acts as a medium of exchange between any number of paper currencies, or in direct trade for goods and services.  And like the failed arguments made by a small section of the population that claims that guns kill people, even though it is little more than an inanimate tool used for good or evil, the real reasons behind Europe’s new push to regulate Bitcoin is more about control than it is about halting terrorism or illegal activity.


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