EU and Eight Countries Sign Protocol Bringing Crypto Into Asset Recovery
Photo: TokenPost
A Council of Europe protocol signed by the European Union and eight countries would bring virtual assets into cross-border crime recovery rules, extending a treaty framework addressing money laundering and terrorist financing. The protocol on cross-border criminal asset recovery also sets out rules for crypto transactions and confiscated property. The signatories are Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino and the United Kingdom, alongside the European Union. The additional protocol supplements the Council of Europe convention on money laundering and terrorist financing and places virtual assets and virtual asset service providers within its scope.
Source: TokenPost
