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Bitcoin price falls as EU vows to make cryptocurrency traceable

Bitcoin price falls as EU vows to make cryptocurrency traceable CNET 5 hrs ago © Provided by CNET Ozan Kose/Getty Bitcoin , Ether and almost all other cryptocurrency have been doing it rough for the last month after China committed to banning cryptocurrency mining, among other services, in late June. Now crypto enthusiasts have more to fret, as the EU looks to crackdown on the cryptocurrency industry by making digital wallets more traceable. As part of a larger effort to stymie money laundering and other financial crimes, the EU on Tuesday introduced a legislation package that would require cryptocurrency exchanges and other services providers to collect information from users of their platform. Cryptocurrency wallets are presently completely anonymous, tied only to complicated passwords and no personal information. 

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