EU Parliament Receives Petition Looking for to Set up Crypto Crime Victims’ Fund

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EU Parliament Receives Petition Looking for to Set up Crypto Crime Victims’ Fund

A petition to the European Parliament hopes to influence the bloc to supply monetary help to victims of cryptocurrency crime.The petition, filed We


A petition to the European Parliament hopes to influence the bloc to supply monetary help to victims of cryptocurrency crime.

The petition, filed Wednesday by lawyer Jonathan Levy, seeks the implementation of a “regulatory scheme to compensate victims” who had been fleeced of digital property by fraud, hacks and extortion. So far, 44 supporters have signed the petition.

Levy desires the EU to implement a .0001 cent per euro price on cryptocurrency transactions that will be pooled right into a “sufferer superfund,” in keeping with a press launch despatched to CoinDesk.

The lawyer represents shoppers who’ve suffered losses exceeding €50 million (US$60.7 million) and is joined by class representatives for the 240,000 account holders caught up within the alleged exit rip-off by Irish cryptocurrency change Bitsane.

At at the moment’s costs, the sufferer’s funds misplaced to the Irish change could be value as a lot as €1 billion (US$1.2 billion), in keeping with Levy.

“Victims of the collapsed  Irish cryptocurrency change Bitsane are nonetheless awaiting justice,” he stated, claiming that Irish authorities had “completed little or nothing” to trace down Bitsane customers’ stolen funds.



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