EU plans to ban anonymous cryptocurrency wallets
The European Commission plans to ban anonymous cryptocurrency wallets, Reuters reports.
The law aims to force service providers to collect data such as sender's name, address, age and recipient's name.
In a statement, the Commission argues that the recently proposed law would make Bitcoin and other cryptocurrencies fully traceable:
"Today's amendments will ensure full traceability of transfers of cryptoassets such as bitcoin, as well as prevent and detect their possible use for money laundering or terrorist financing."
