Another issue of the central governance of the EU. Won't let individual countries choose their stances and so they go for a blanket ban because it ends up freeing the citizens of Europe from the slavery set up by the Euro and the excessive labor markets.

Leave it to Brussels to find a stupid way to start blocking stuff. Can't make themselves useful until they attack the average working man.

How can you ban blockchain technology? I mean how is that possible? Would't that be like trying to ban mathematics?

It's actually kind of interesting considering the nature of the "-exits" within the EU right now; considering that Italy is next on the chopping block (however unlikely because of the benefits given from the EU to Italy) it could mean that the state of the EU is incredibly shaky and, honestly, if Italy leaves, it will start to spell the end of the Union. More countries will aim to opt out, and especially in Le Pen gets in in France, then it is over.

The EU will try and restrict what it can with the power it has now, but they know they're losing bigly. First Brexit, then Trump, and now Le Pen leading.

Interesting times.

I have heard that Germany has blocked bitcoin but I am not sure why would a country do this as bitcoin is exploding the market. Soon the market will get hacked by bitcoin as it is wild and have less of a feedback system unlike those of commodity exchanges in which supply and demand controls market.

I think it can happen because bitcoin is used to illegal activities or something else which make economic from this country threatened. I don't worry about that during the price of bitcoin still stable and not go down.

Well, why am I not surprised that the EU is looking to do something like this. It's like classifying a banana based on whatever the hell it was they were trying to push as a "proper" banana. A group of unelected officials justifying their positions by making the lives of everyone else just a bit harder.

I don't know how they would effectively enforce something like this, but inefficiency seems to be something the EU excels at.

I think they don't fully understand bitcoin or that they feel that it can be a threat to their own currency. Part of the reason for bitcoin's rise a few months ago was the Brexit poll result, and maybe if another country decides they want out of EU, that could be another good thing for bitcoin.

Probably but this is not the first time something like that happen, years before there were attempt to try to stop the average people of using cryptography, but this was ruled against because it was the same as banning math.

Agree, even if they banned this blockchain technology, people will make way how to used it. Now, that we've experience how it works and function,  this move of EU will only spark interests and curiosity among people.