Who the hell does this European Banking Oligarch Organization get the brass balls to state it believes it can just come in and start regulating the use, growth, or trading of digital currencies? Moreover, they want to do so in the name of preventing terror. First of all, Dear Europe, go bite me. Here in the USA, we have grown extremely sensitive to any "regulation" or further monitoring in the name of preventing terror. The entire country, except our leaders apparently, see that load of BS for the unwarranted power-grab it is and always was. No body is falling for the "To prevent terror" line any more, so try a new one that hasn't been played out!
Secondly, digital coins are private companies, private properties, and not subject to your "say so," "OK," or licensing. In fact, you're going to have to keep that junk in Europe as to do that shit in the USA is bound to have serious government takings and Fourteenth Amendment issues. You may not just decide that because you don't like it, because you can't control it that you may slap the label of "terrorist tool" on a legitimate grass routes movement designed specifically to be outside the control of in reality it's not government control the people are mad about... It's the fact that the government is clearly being controlled now by organizations and companies whose will is adverse to that of the citizenry.
When government refuses to do it job and protect the people by tempering the will of global corporate powers, the people will begin to band together to protect themselves. Now, you may stupidly believe that you can stop or control popular mass opinions like these, but it will be and is futile. Look at history, and what happens time and time again when too much power ends up in the hands of too few. At first the elite get to rule, as they are increasingly doing. However, then comes the snap back, the blow back, and true will of the subjugated people. There's always a realigning and a come-uppance on those whom fail to learn from history.
The only true cure is for governments to start listening to those people whom are governed only by consent, and not by divine right of government merely because it is government. Read the some of Thomas Jefferson's works, and do so for your own good! To sum it all up, I believe any banking oligarchs better take a step back from things that don't belong to them, and were designed especially because of the strangle hold banking oligarchs have on the money's of WE THE PEOPLE!
RE: No, the EBA's Bitcoin Regulation Proposals Aren't All Bad