CRYPTOCURRENCIES LATEST NEWS:  EU Commissioner for Finance: "We do not plan to react to bitcoins"

European Commissioner for Finance Pierre Moscovici (Pierre Moscovici) in a recent interview explained that at this stage of the policy of the European Union has not yet planned to "react" to the phenomenon of bitcoin. The EU adds the definition of a digital currency to the current legislation, but the financial commissioner says they do not plan to regulate bitcoin.

The popularity of bitcoin is growing all over the world, regulators and officials of some countries are increasingly discussing it. The US, Asian and EU governments are thinking about ways to regulate cryptocurrency through pressure on the stock exchange. In particular, EU politicians are concerned about the possible connection of crypto-currency with the financing of terrorism, money laundering, and tax evasion.

Although observers believe that the EU is trying to apply strict regulation to the crypto-currencies, EU Commissioner Pierre Muscovici says that at the moment, the regulation of digital currencies is not planned.

"We are watching and analyzing it, but we do not see the need to react to bitcoins at this stage ...," Moskovichi said.