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European Parliament Issues Study on Virtual Currencies and Terrorist Financing

On June 4, 2018 the Directorate General for Internal Policies of the European Parliament published a study on "Virtual currencies and terrorist financing: assessing the risks and evaluating responses". The study explores the terrorist financing risks of virtual currencies (VCs), including cryptocurrencies, providing an overview of VCs, terrorist uses of VCs, regulatory and law enforcement responses in the EU and other countries and recommendations for EU policymakers.

Although the study refers to instances of VCs’ illicit activity in cybercrime and money laundering, it focuses on terrorist financing and does not attempt to address the full range of consumer protection or other regulatory regimes that may apply to VCs.

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