Hey folks!! The U.S. Treasury just cut off MEXC’s financial channels, and the EU has teamed up too!!!
Albuquerque, the EU commissioner responsible for enforcing sanctions, announced in an official statement on November 6 that the “EU Crypto Sanctions Task Force” is being established. She said crypto assets have been used to circumvent the EU’s financial sanctions on Russia, and that the task force is meant to strengthen the ability to detect and crack down on sanctions evasion～ New technologies and jurisdictions in third countries won’t be allowed to become safe havens for evading sanctions.
The Kyiv Independent quoted EU diplomats as saying the task force will initially operate for 12 months and will also draw on the experience of Ukraine and the UK. Spokesperson Siobhan McGarry put it plainly too: cryptocurrency is one of the tools used to evade sanctions.
One thing to note: the official statement didn’t include any details about staffing, budget, or specific enforcement powers, haha. For now, it looks more like member states are first aligning their coordination and intelligence—not setting up a new “crypto police force.” Investigations and penalties are still up to individual countries.
Honestly, regulators on both sides are tightening things up this week～ The U.S. is cutting off channels, and Europe is forming a task force, so exchanges and stablecoin channels will face closer scrutiny. Don’t take “the task force has been established” to mean everything will be shut down tomorrow, but don’t assume it has nothing to do with you either!!!
I just checked CoinGecko: BTC is around 75,900, ETH around 2,235, and the Fear & Greed Index is back up to 28 today, easing slightly from yesterday’s extreme fear reading of 25. Still in fear territory～ Let’s see how things play out over the weekend.
Do you think this will have a big impact on regular users, or is the focus mainly on channels used to evade sanctions?
$BTC $ETH
#监管 #crypto
Albuquerque, the EU commissioner responsible for enforcing sanctions, announced in an official statement on November 6 that the “EU Crypto Sanctions Task Force” is being established. She said crypto assets have been used to circumvent the EU’s financial sanctions on Russia, and that the task force is meant to strengthen the ability to detect and crack down on sanctions evasion～ New technologies and jurisdictions in third countries won’t be allowed to become safe havens for evading sanctions.
The Kyiv Independent quoted EU diplomats as saying the task force will initially operate for 12 months and will also draw on the experience of Ukraine and the UK. Spokesperson Siobhan McGarry put it plainly too: cryptocurrency is one of the tools used to evade sanctions.
One thing to note: the official statement didn’t include any details about staffing, budget, or specific enforcement powers, haha. For now, it looks more like member states are first aligning their coordination and intelligence—not setting up a new “crypto police force.” Investigations and penalties are still up to individual countries.
Honestly, regulators on both sides are tightening things up this week～ The U.S. is cutting off channels, and Europe is forming a task force, so exchanges and stablecoin channels will face closer scrutiny. Don’t take “the task force has been established” to mean everything will be shut down tomorrow, but don’t assume it has nothing to do with you either!!!
I just checked CoinGecko: BTC is around 75,900, ETH around 2,235, and the Fear & Greed Index is back up to 28 today, easing slightly from yesterday’s extreme fear reading of 25. Still in fear territory～ Let’s see how things play out over the weekend.
Do you think this will have a big impact on regular users, or is the focus mainly on channels used to evade sanctions?
$BTC $ETH
#监管 #crypto