by Tyler Durden Hot on the heels of China gold import restrictions, and India's demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.China has already begun de facto gold import restrictions, and as Jayant Bhandari detailed previously, India is experiencing a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal.Expect capital controls to follow.And now, as Reuters reports, it appears last Monday's attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd, has given The European Commission just the excuse to tighten capital controls - specifically cash and precious metals - into and out of Europe.

It is part of an EU "action plan against terrorist financing" unveiled after the bombings and shootings in Paris in November 2015.Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.Authorities will also be able to seize cash or precious metals carried by suspect individuals entering the EU.People carrying more than 10,000 euros (8,413.56 pounds) in cash already have to declare this at customs when entering the EU.The new rules would allow authorities to seize money below that threshold "where there are suspicions of criminal activity," the EU executive commission said in a note.EU officials said some of the recent attacks in Europe were carried out with limited funds, sometimes sent from outside the EU by criminal networks.The Commission is also considering whether to set up an EU-focussed "terrorist finance tracking programme" along the lines of the U.S.-EU TFTP, which has long been opposed by EU lawmakers and privacy campaigners because it allows widespread checks on consumers' bank transfers.

The plan complements Commission proposals after the Paris attacks to tighten controls on virtual currencies such as bitcoin, and prepaid cards, which French authorities said were used to fund the bombings.EU states backed these proposals on Tuesday.Under the deal, which still needs European Parliament approval, holders of prepaid cards would have to show some form of identity when they make payments of 150 euros or more.But it gets better...The Commission is also proposing common rules for the 28 EU countries on freezing "terrorists' financial resources" and on confiscating assets even from those thought to be connected to criminals.ethereum russianSo - cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the "terrorists" and are now open to confiscation if you are a suspicious person... which, by their rhetoric, you are if you actually hold any of these assets.android bitcoin wallet reddit

Palestinian officials are planning for the territory to have its own digital-only currency within five years, a move designed to safeguard against potential Israeli interference, the head of the Palestine Monetary Authority (PMA) told Reuters.Palestinians have no currency of their own and use the euro, U.S.dollar, Israeli shekel and Jordanian dinar in their daily lives.But with limited control over money supply and ultimately, inflation, authorities are mulling a bitcoin-style solution, Azzam Shawwa said.ethereum fx rate"That is something we would like to see," Shawwa said.bitcoin atm in france"It will be called the Palestinian pound."bitcoin jeepBitcoin is a global digital currency and payment system.litecoin price converter

Shawwa spoke to Reuters on the sidelines of the annual meeting in Cyprus of the European Bank for Reconstruction and Development.The EBRD said during the meeting it would start investing in the West Bank and Gaza via donations The PMA says on its website that it aimed to become a "full-fledged and modern central bank" for an independent Palestine.But it is unclear how the planned e-pound would skirt the 1994 Paris Protocol agreement which gave the PMA the functions of a central bank but without the ability to issue currency.pia bitcoinThe protocol recommended the use of the shekel and gave Israel an effective veto over a Palestinian currency.bitcoin silk road 2There are practical reason why Palestinians might consider a digital currency.bitcoin richmondThe authority has no money-printing facilities of its own so all cash and coins currently come in from elsewhere.

"If we print currency, to get it into the country you would always need clearance from the Israelis and that could be an obstacle," Shawwa said."So that is why we don't want to go into it."The Palestinians are not the only ones considering a digital currency.Sweden's central bank has said it may launch an e-currency as the use of cash declines and low interest rates tempt citizens to hoard money in vaults or at home.The Palestinian pound is still some way off, however.The authority has been in a decade-long push to have a recognized central bank and the currency plans are part of a wider five-year strategy to be published before the end of the year, Shawwa said.Other options, such as keeping the status quo of using four currencies, or formally adopting one of them are also under consideration but Shawwa said the digital route was the preferred one."But it's not only the currency, you have to see the economy also.Issuing (a currency) is something, but you also need the backbone of the currency; reserves, gold, oil and that is part of the business plan."