Search This Blog

Tuesday, 21 February 2017

Europe Says It Wants to Confiscate Money, Precious Metals, Crypto Currency and Prepaid Cards to Fight Terrorism

Anon HQ


The proposal wants to monitor and tighten the control over electronic crypto and electronic currencies such as Bitcoin, Litecoin, Dogecoin, along with debit and credit cards in the EU, and is applicable to all those who travel. 
The European Commission wants to tighten its control over paper money, metals such as gold and silver, and other precious elements that are transferred into the European Union. Their reasoning is to monitor the funding, as it will lessen the funding for belligerent attacks in the European Union.

The Commissions’ decision was based on the Marketplace attack that took place last Christmas in Germany, where people were killed as a truck full of explosives drove into the crowded place.

The new proposal will give power to customs officials in the European Union nations, allowing them to check cash amounts at random, and check credit and debit statements that are sent using postal services. Customs in these states will also have the right to take away cash, precious metals or anything of value that is being carried by people who fit the profile when entering the European Union.

As we all know, if anyone is carrying more than 10,000 Euros in cash while travelling must be declared at customs when entering the European Union; the new rules will permit customs officers to confiscate the money – even if it is fewer than 10,000 Euros – if they suspect someone of having a criminal past or if the money is for criminal activity.

Read more

No comments:

Related Posts Plugin for WordPress, Blogger...