This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012.
A Request for Consultation and Remediation
requesting that at least €10 billion in a compensation fund be set aside
for victims of cryptocurrency related crime and fraud was filed by
lawyer Dr. Jonathan Levy on behalf 30 victims with losses
totaling over €15 million on June 3, 2019. The European Union has now
responded and Dr. Levy replied.
The EU claims that by January 10, 2020 all crypto
currency wallets will be regulated but that victims of crimes totaling
tens of billions of Euros will go uncompensated.
The Victims’ lawyer has rejected the EU position and counters that:
are requesting the Commission reassess its position and address the
transfer of billions of Euros of assets into the hands or organized
crime at the expense of victims. We also
are requesting the Commission independently investigate the consumer
related aspects of our Request including but not limited to the roles of
false entries on the crypto currency (voluntary association) ledgers
such as the “Nakamoto coins,” bitblending, The
English Companies House, domain privacy providers, social media and the
to Dr. Levy, should the EU Commission refuse to consult further on the
issue he will escalate the issue using one or more of the legal remedies
available to EU citizens.
Full copies of the original claim, the EU response, and the Victims Reply are attached.
image by Shutterstock