Cryptocurrencies: The Eu Will Crack Down More Severely On Sanctions Violations

Increased sanctions . Europe remains an area in which the rules do not always apply with the desired harmony. A situation at the origin of notable differences in the way of treating a sector like that of cryptocurrencies . This is the main reason why the MiCA bill attempts to impose a single regulatory standard in the field. A legal text that is often approximate – even absurd – and purely punitive, at the risk of scaring away investors . But other gray areas persist, notably in the way of combating violations of sanctions issued against Russia. A loophole that the European Union wishes to fill, with an option to freeze assets presented as applicable to crypto-assets.