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Bitcoin: UK and EU plan crackdown amid crime and tax evasion fearsUpdated4 Dec 10:01am

Bitcoin: UK and EU plan crackdown amid crime and tax evasion fears

The Guardian
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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