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EU Joins 8 Nations to Sign Warsaw Protocol on Crypto Crime
The European Union and 8 allied nations, including Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino, and the United Kingdom, have signed the Additional Protocol to the Council of Europe Convention on laundering, search, seizure, and confiscation of the proceeds from crime and on the financing of terrorism. The protocol, known as the 'Warsaw Convention,' modernizes the existing treaty by adding crypto assets to its scope and expanding the attributions of financial intelligence units over these assets. This move aims to reduce response times for information requests between countries and enhance international cooperation in combating crypto-related crimes and financing terrorism.