European Commission Launches EU Crypto Sanctions Task Force

The European Commission announced the launch of an EU Crypto Sanctions Task Force to strengthen detection of and responses to attempts to circumvent EU financial sanctions through crypto assets. The November 6 statement followed the November 5 meeting of the High-Level Expert Group on Union Restrictive Measures, where member states, the Commission and the European External Action Service discussed crypto-related risks, OLAF investigations and consistent sanctions enforcement.