Navigating Crypto Payroll Compliance for European SMEs
The world of cryptocurrency is evolving rapidly, and with it comes an array of challenges, particularly for European SMEs. With U.S. sanctions against North Korea tightening, the risk of inadvertently getting tangled up with sanctioned entities is a real concern. As these businesses look to integrate crypto payroll, understanding the compliance landscape is crucial. Let’s delve into what this means for European SMEs and what they should be aware of.
The Direct Impact of U.S. Sanctions on Crypto Payroll
The U.S. Department of the Treasury has cast a wider net, imposing sanctions on a North Korean-linked banking network accused of laundering money from cybercrime and illicit IT worker schemes. OFAC has named individuals and entities…
