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Europe Daily Bulletin No. 11521

31 March 2016
ECONOMY - FINANCE / (ae) finance
Von Weizsäcker calls for proportionate set of rules for virtual currencies

Brussels, 30/03/2016 (Agence Europe) - Guaranteeing the security of virtual currencies such as Bitcoin without inhibiting innovation. This is the principal message sent out by the draft report of the European Parliament on virtual currencies, drafted by Jakob von Weizsäcker (S&D, Germany).

The Social Democrat notes that virtual currencies have the potential to “dramatically” lower transaction costs for payments and transfers of funds, “quite possibly well below 1%, compared to 2% -...

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