In July 2023, the Council of the European Union made a significant move. They approved new measures for the freezing and confiscation of so-called "unexplained assets." Now, these measures are not just updates to existing policies on wealth confiscation. They go a step further, establishing minimum rules for tracing, freezing, confiscating, and managing property in criminal proceedings.

This directive is wide-reaching, and it doesn't just cover traditional assets. It explicitly mentions crypto assets. That's right, your digital wealth is under the spotlight too. If you can't prove that your assets were acquired legally or if there's a suspicion of a connection to criminal organizations, you're at risk of having them seized.