The European Parliament has approved a series of new sanctions laws applicable to cryptocurrencies

ChainCatcher news, according to CoinDesk, the European Parliament has approved a series of new sanctions laws that also apply to cryptocurrencies. These new rules aim to ensure the uniform application of sanctions rules across the 27 member states of the EU in response to the growing concerns over violations of EU sanctions against Russia due to its invasion of Ukraine.

It is reported that the new laws establish a consistent definition of sanctions violations, including failing to freeze assets, not adhering to travel bans or arms embargoes, transferring funds to sanctioned individuals, or conducting transactions with state-owned entities of sanctioned countries.