European Parliament approves new sanctions laws that also apply to crypto.

EU sanctions legislation also applies to crypto service providers and may involve the freezing of assets, including cryptocurrencies.

These laws aim to ensure uniform application of sanctions rules across the 27 EU member states.

Parliamentarians voted 543 times in favor of these new rules, 45 times against and 27 times abstaining.

These new rules were adopted following Russia's invasion of Ukraine but apply to a wide range of financial services, including the provision of "crypto-assets and wallets".

#cryptoupdate1

#EuropeanUnion