EU Establishes Crypto Sanctions Working Group to Combat Sanctions Evasion via Crypto Assets
TechFlow reports that on Nov. 8, according to an announcement by the European Commission, Maria Luís Albuquerque, the Commissioner responsible for sanctions implementation, announced on Nov. 6 the establishment of the EU Crypto Sanctions Task Force to strengthen the EU's ability to detect and combat the use of crypto assets to evade financial sanctions.Representatives from EU member states, the European Commission, and the European External Action Service previously discussed emerging risks in the financial sector, such as crypto assets, as well as cross-border cooperation and sanctions enforcement, at a high-level meeting on sanctions implementation. Albuquerque stated that the EU must continue to exert pressure on Russia and plug loopholes in the sanctions framework.
TechFlow reports that on Nov. 8, according to an announcement by the European Commission, Maria Luís Albuquerque, the Commissioner responsible for sanctions implementation, announced on Nov. 6 the establishment of the EU Crypto Sanctions Task Force to strengthen the EU's ability to detect and combat the use of crypto assets to evade financial sanctions.
Representatives from EU member states, the European Commission, and the European External Action Service previously discussed emerging risks in the financial sector, such as crypto assets, as well as cross-border cooperation and sanctions enforcement, at a high-level meeting on sanctions implementation. Albuquerque stated that the EU must continue to exert pressure on Russia and plug loopholes in the sanctions framework.
