EU lawmakers flag crypto risks in new anti-corruption recommendations

European Union lawmakers have called for tighter scrutiny of crypto assets, hidden ownership structures and digital tools as part of the European Commission's upcoming anti-corruption strategy. EU lawmakers have urged the European Commission to address corruption risks involving crypto assets, hidden ownership structures and digital tools. The European Parliament adopted a nonbinding resolution calling for stronger measures to trace, freeze, confiscate and recover criminal proceeds. Lawmakers requested stricter oversight of public procurement, political financing and lobbying, alongside stronger protections for whistleblowers and journalists.

Source: crypto.news