Countdown to 2017 launch for real-time credit transfers across SEPA

From GT News –

“The European Payments Council (EPC) has outlined plans for a new pan-European instant credit transfer scheme, which aims to bring real-time money transfers across the single euro payment area (SEPA) region.

The plan for the instant credit transfer scheme, named SCT Inst, has been submitted by the EPC to and approved by the Euro Retail Payments Board (ERPB), a body chaired by the European Central Bank (ECB). It is expected to be adopted in November 2017.”

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Bitcoin under the spotlight in the EU over terrorist financing

The EU is stepping up controls on Bitcoin and prepaid cards to help block terrorist funding

From Business Insider –

“The European Union will increase controls on pre-paid cards, money remittances and bitcoin in a bid to curb terrorism funding after the attacks in Paris that killed 129 people.

EU interior and justice ministers agreed on Friday in Brussels to tighten checks on payment methods that may be conducted anonymously and might be used by terrorist organizations to finance attacks.”

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What does Greece owe?