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:
We
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
TLD .io.
According
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.
Dated and signed letter EU response July 9, 2019
Request for Consultation
Request for Consultation – Victims Reply
image by Shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored or guest posts, articles and PRs are NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise