By Maya Lester KC & Michael O’Kane

EU Parliament approves legislation to counter crypto-asset sanctions evasion

The European Parliament has approved the first piece of EU legislation for tracing transfers of crypto-assets. The legislation will apply the “travel rule”, already used in traditional finance, to transfers of crypto assets, obliging service providers to accompany transfers of crypto-assets with information on the originator and the beneficiary which is then stored on both sides of the transfer. According …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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