“The same draft document that includes a crackdown on Bitcoin is said to also include a plan ‘to curb more effectively the illicit trade in cultural goods,’ presumably a reference to antiquities smuggled out of ISIS held territories and sold on the black market for a profit. Bitcoin’s role in the Paris terrorist attacks isn’t entirely certain, despite the fact that the Ghost Security Group suggested earlier this week that Bitcoin may have been used to finance the attacks. It may be cliched to say cracking down on anything as a result of terrorism is a case of letting the terrorists win, but without question the proposal by the European Union precisely fits this definition.”
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