Foresight News
Foresight News|Nov 08, 2026 01:04
[EU Establishes Crypto Sanctions Task Force to Combat Sanctions Evasion Through Crypto Assets] According to Foresight News, the European Commissioner for Sanctions Enforcement, Maria Luís Albuquerque, announced the establishment of the EU Crypto Sanctions Task Force to strengthen the ability to identify and combat the use of crypto assets to circumvent EU financial sanctions. Albuquerque stated that the EU will not allow new technologies or third-country jurisdictions to become safe havens for circumventing sanctions, and the EU will continue to increase pressure on Russia to close remaining loopholes. This announcement followed the 10th meeting of the EU High-Level Expert Group on Restrictive Measures held on November 5th, which discussed emerging threats in the financial sector, including crypto assets; the role of the European Office Against Fraud (OLAF) in investigating and combating sanctions evasion; and the unified implementation of EU restrictive measures by member states.
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