OP-ED: Why the EU’s Rushed ‘Travel Rule’ for Crypto Should Be Struck Down - International Center for Law & Economics

OP-ED: Why the EU’s Rushed ‘Travel Rule’ for Crypto Should Be Struck Down

CoindeskYahoo News – ICLE Senior Scholar Mikołaj Barczentewicz published an op-ed in Coindesk (also reposted in Yahoo News) about the EU’s proposal to apply anti-money laundering rules to crypto asset transfers. The full piece is available here and here.

We appear to be reaching an end stage in negotiations between the European Parliament and the Council of the European Union on a plan to extend the EU’s financial-surveillance regime over the cryptocurrency industry. Alas, lawmakers were in such a rush that they appear not to have noticed that the hastily crafted legislative package violates fundamental tenets of the EU’s founding treaties.