The city of Zug in Switzerland, fast becoming a popular location for crypto-related businesses, has recently announced a new option – Blockchain-based identity registration for all residents.
The European Union is planning a database that will assign every cryptocurrency wallet to its holder’s identity. After recently being hit hard by Terrorist activities, the EU believes a lot of the funding for terrorism is done anonymously through bitcoin.
A recent court judgment has generated mixed reactions within the Bitcoin ecosystem and could spark renewed legal debate over the true identity of the cryptocurrency.