The European Union wants to have a database of cryptocurrencies users

In its latest proposal to regulate virtual currencies, the Commission of the European Union suggests that the fourth directive prevention of money laundering (4AMLD) that can lead to the creation of a central database of users coin a new amendment digital (VC Central User Database).

This proposal indicates that the Commission should, by June 2019, provide a report on the implementation of this amendment should include "appropriate proposals, including, where appropriate, with respect to digital coins, samples set up a base central database for recording user identities and addresses accessible to FIUs portfolio as well as self-declaration forms for users to use digital currencies ".

One might speculate that the way to accomplish this would be linking a public key to the identity of a user, which would allow the Financial Intelligence Units (FIU) realizasen its investigations and monitor the movement of money. Therefore, the utopian idea of ​​anonymous criptomonedas as coins would use only as a memory.

However, we should see what would happen to the information in this database, as identifying a public key to the identity of a user would be visible all transactions; which would be contrary to the fundamental privacy rights of every citizen.