German media: by the terrorist attack in Paris to strengthen the regulation of virtual currency G7

German media: by the terrorist attack in Paris to strengthen the regulation of virtual currency G7
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Beijing time 19 days morning Reuters, the German “Der Spiegel” magazine (DerSpiegel) reported on Wednesday, the group of seven (G7) plans to strengthen bitcoin digital currency regulation, suspected Islamic country is in the use of bitcoin secret transfer funds.

“Der Spiegel” magazine said in 20 in Turkey (G20) summit in Paris last week, shocked by the fear of attack of the G7 finance ministers of an informal meeting on Monday to discuss the financial supervision technology company. The Islamic Republic claimed the terrorist attacks as they are.

The German finance ministry declined to comment on this news, G7 said the ministerial meeting is confidential.

Such as this kind of bitcoin digital currency or “virtual” financial services is based on the software, the operating range often across borders, security departments are beyond the reach of.

Bitcoin in digital form, can be used for fast transfer of anonymous worldwide funds, without third party verification. This is for many users, from drug traffickers to Greece and other countries trying to evade capital controls Chinese people, are very attractive.

The European Commission has made a plan to improve the regulation in this area.

A section of a paper published Tuesday in discusses how to prevent terrorist financing initiatives, “said virtual currency will receive special attention”. (end)

From: Sina Finance

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