The European Union has struck on a plan to crack down on the use of anonymous payments and virtual currencies so that terrorists can't use them. The problem is that terrorists aren't really using them, anyway.
They're using good old cash, though its circulation is already severely limited in countries such as France -- the scene of the most recent Islamic State terror attacks. Instead of taking their anger out on virtual currencies, now is the time for governments to think seriously about the abolition of cash.
Read Full Article »