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EU lawmakers urge crypto focus in anti-corruption strategy

Members of the European Parliament want the Commission to prioritize tracing, freezing, confiscating, and recovering criminal proceeds tied to crypto assets and related structures.

Reported · Written up by our desk · Regulation

European lawmakers are pressing the European Commission to add a crypto-related focus to its upcoming anti-corruption strategy, citing corruption risks tied to crypto assets, opaque ownership structures, and digital tools, Cointelegraph reports.

According to Cointelegraph, the European Parliament adopted a nonbinding resolution outlining priorities for the Commission, including stronger efforts to trace, freeze, confiscate, and recover criminal proceeds.

The push is set to complement the European Union’s anti-corruption directive, which entered into force in May, Cointelegraph adds.

Cointelegraph also notes that the Commission plans to adopt its first anti-corruption strategy by the end of this year.

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