On 6th June, Herbert Smith Freehills published a briefing that says that the EU Parliament’s internal Think Tank has published a study commissioned by Parliament’s special Committee on Terrorism (TERR) into virtual currencies and terrorist financing. The report describes virtual currencies, assesses the risks associated with them, outlines the legal and regulatory mechanisms (FATF, EU’s 5th Money Laundering Directive, etc), Discusses pan-EU co-operation between law enforcement and the role of public-private partnerships, and makes policy and regulation recommendations.
The report is available at –
http://www.europarl.europa.eu/RegData/etudes/STUD/2018/604970/IPOL_STU(2018)604970_EN.pdf