EU wants to create a database of Bitcoin users

The end of anonymity for Bitcoin users may be fast approaching as the EU has put forth a proposal that would require anyone using the cryptocurrency in the member states to register on a database. The European Commission (EC) is behind the push to take away anonymity from Bitcoin and other virtual currencies with the hope that this could help prevent a number of crimes that use digital wallets as a means of avoiding a paper trail. The proposal would require all users of the cryptocurrency to register using their real-world identity and to provide the addresses of the virtual… [Continue Reading]