The crumbling dystopia that has become the globalist precursor know as the European Union has many problems. Many nations, if not most nations, are suffering from what seems to be an orchestrated destabilization of un-vetted immigration, leading to rampant crime waves that include, robbery, assault, and rape. One might characterize this alone as a mass exercise of terrorism. This pressing issue of rampant crime seems to be exploding, but the E.U. wants to get this problem with Bitcoin solved before the end of 2017.
Maybe you haven’t heard…..
The European Parliament has recently published “The Juncker Commission’s ten priorities” for 2017. These are ten issues that they see as most important to address in 2017 for the member states, and Bitcoin made this list. It seems Bitcoin has been labeled as a funding source for terrorism. Strike that.
They obviously cannot say that Bitcoin is a funding source for terrorism, but they say “risks linked to” terrorism, in effect proving that this initiative is more of a witch hunt and power grab than an actual solution to a real problem. Here is their quote in their new report, which can be seen here
The report does have plenty of hyperlinks leading to more European Union missives and directives. Bitcoin falls under the “Fourth Money Laundering Directive,” which refers to Bitcoin as “electronic money,” leads to more interesting quotes. Let’s look at the E.U’s views on people having Euros of any quantity, and how they’ll limit that ability.
Under Article 12 of the Directive, the regulation specifies if you have more than 250 Euros, you are to be subject to full “due diligence” disclosure, explained thusly:
“….a Member State may allow obliged entities not to apply certain customer due diligence measures with respect to electronic money", where all of the following risk-mitigating conditions are met:
(a) the payment instrument is not reloadable, or has a maximum monthly payment transactions limit of EUR 250 which can be used only in that Member State;
(b) the maximum amount stored electronically does not exceed EUR 250;
(c) the payment instrument is used exclusively to purchase goods or services;
(d) the payment instrument cannot be funded with anonymous electronic money;
In other words, expect to be subject to any and all kinds of attacks on your freedoms and dealings if you have more than 250 Euros worth of BTC linked to you if you are European Union property, that is. If you are packing this much dangerous electronic heat, you could be accused of anything, from tax evasion, to terrorism funding, to money laundering, or anything else the globalist state wants to attach to you.
No wonder why the United Kingdom voted themselves out of this unelected mess, while the somewhat free people of Italy and France are angling to move on to better things later this year in upcoming referendums and elections. Globalism is losing to nationalism, and this may be just the beginning.
Keep in mind the United Kingdom, France, and Italy make up three of the top four economies within the European Union, not including Germany, who has maintained the majority of the control of its governance and power, so they are not going anywhere. Yet, if another major force within departs, the E.U. should collapse in full by the end of the decade, IMO.
The chances that both disengage is good enough where some E.U. leaders are considering preventing future referendums to keep Member States captive in this political failure. A former member of The Communist Party, Slovak Prime Minister Robert Fico, stated that the EU was struggling with various problems and he begged the 27 other EU members not to allow any more referendums, saying ”The people could not be allowed to decide their own future."