EU Approves New Sanction Laws Applicable to Cryptocurrencies
Main page News, European Union, Regulations, Cryptocurrency
Hot topic
13 March

The European Parliament yesterday approved a new regulation aimed at combating sanctions violations, including the use of cryptocurrencies.

This decision received the support of 543 representatives of the 27 EU member states, with only 45 votes against and 27 abstentions.

The legislation was prompted by Russia's incursion into Ukraine and growing concerns about non-compliance with EU sanctions against Russia.

Although the sanctions apply at the EU level, it is the responsibility of each member state to enforce them.

Notably, the text includes crypto assets and wallets in the types of financial services covered by these sanctions.

Read also:
Please describe the error