Cryptocurrencies are all the rage among the cool kids these days. Therefore it’s not a surprise that politicians will jump on the bandwagon to grab their spot in the sunshine.
What are cryptocurrencies?
According to Option.Finance “A cryptocurrency is a digital currency similar to currencies such as the USD or Euro. It’s designed to exchange digital information through an encryption that generates money and verifies transactions. All confirmed transactions of a cryptocurrency are stored in a public ledger or Transaction Blockchain.”
Which MEP has been talking about cryptocurrency?
Lithuanian MEP Antanas Guoga has been posting on Linkedin “I am looking at NEM.io and it’s becoming obvious that NEM is the most transparent crypto out there. Will NEM become nr1 one day?”
What is NEM.io crypto?
According to their website about us section NEM is not just a crypto currency. But is a blockchain project which caters to much more than only handling it’s native currency tokens “XEM”. NEM is also a peer to peer platform and provides services like payments, messaging, asset making, and naming system. Their creators promise for a lot more to come as NEM is an evolving solution with an outstanding core blockchain technology.
What do other MEPs say about cryptocurrencies?
In 2016 May members of the European Parliament (MEPs)lead by German social democrat MEP Jakob von Weizsacker, set out in a resolution for the creation of a cryptocurrency watchdog to combat money laundering and terrorism by the European Commission.
What does the European Commission plan for cryptocurrencies?
The Commission has adopted proposals on 5 July 2016 for legislation to amend the 4th Anti-Money Laundering Directive (4AMLD) that will bring virtual currency exchanges and wallet providers into the EU’s anti-money laundering framework.
What does the crypto industry say about the EU proposal?
At the Amsterdam Affiliate Conference 2017 Eric Benz, Managing Director of CryptoPay, London based online Bitcoin Wallet, which offers enhanced functionality than simpler services for buying and selling bitcoins, said that the EU proposal “is a lot of words for very little.”
Will NEM.io succeed?
Time will tell, wait and see.