Analysis of the evolution of the EU regulatory approach on virtual assets
Date
2022
Authors
Rosta, Milad Humayon
Journal Title
Journal ISSN
Volume Title
Publisher
Riga Graduate School of Law
Abstract
The technological advancements of virtual assets are growing exponentially in numbers now providing better security and enhanced privacy for its users. Furthermore, users may scramble and tumble virtual assets disguising their records of transactions. Innovations such as these although allow users to enjoy enhanced privacy in a world of constant supervision and “liberalization” of currency from the state, has however also opened a milieu for criminals to operate in, allowing money laundering, terrorism financing, tax and sanctions evasion, and other financial crimes to go unnoticed.
In that regard, this thesis focuses on how the European Union has managed to catch up with the continuous innovations in virtual assets in terms of managing to rein in and regulate the market.
Description
Keywords
Research Subject Categories::LAW/JURISPRUDENCE::Financial law , Research Subject Categories::LAW/JURISPRUDENCE::Other law::European law , Financial crimes , Anti-money laundering , Cryptocurrency , The European Union