EU and 8 Nations Sign Warsaw Protocol to Fight Crypto Crime
- —Signatories include the EU, UK, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino and Georgia
- —Financial intelligence units can suspend suspicious crypto transactions
- —Recovered funds above €10,000 will be split among participating countries
- —States must set up asset recovery and asset management offices for digital assets
Why it matters: The protocol gives the EU a cross-border mechanism for fast crypto seizures, tightening pressure on illicit flows and setting a standard for VASPs.
Source: Bitcoin.com
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