EU Lawmakers Call for Crypto Regulation in Anti-Corruption Strategy
- Members of the European Parliament (MEPs) urged the European Commission to address corruption risks associated with crypto assets and opaque ownership structures.
- A nonbinding resolution was adopted outlining priorities for the upcoming anti-corruption strategy, which is expected by the end of 2026.
- MEPs called for enhanced measures to trace, freeze, confiscate, and recover criminal proceeds linked to digital tools.
- The new strategy aims to complement the EU’s anti-corruption directive that harmonized definitions and penalties for corruption offenses across member states.
- Stricter rules on public procurement, clearer lobbying regulations, and protections for whistleblowers were also emphasized by MEPs.
The push by MEPs highlights a growing concern over how crypto can facilitate corruption through unregulated financial practices. The integration of stronger regulations is seen as vital to ensuring transparency and accountability in financial transactions.
With the EU’s anti-corruption directive now in force, these proposed measures aim to strengthen oversight on crypto-related activities significantly. This initiative reflects a broader commitment to combat corruption effectively within the financial sector.
