European Parliament Vice-President Eva Kairi, identified for her work on cryptocurrency regulation, has been arrested in Belgium in a corruption case.
Belgian police have arrested Greek social-democratic politician Kairi on corruption allegations involving Qatar, as AFP reported, citing its sources. He stated he was arrested together with 4 different suspects.
Kairi was instantly expelled from the European Parliament and from the Social Democratic group of PASOK (the Pan-Hellenic Socialist Motion) till additional discover.
How Eva Kaili contributed to crypto adoption within the EU
Eva Kaili is a significant ally of cryptocurrencies and one of many supporters of the European Parliament’s MiCA regulation. She has performed a key position in cryptocurrency asset adoption and blockchain since her 2018.
Kaili lately thought-about making use of NFTs to submit a report back to the EU parliament subsequent yr. She additionally performed a significant position in her DLT Pilot Regime undertaking which can begin in March 2023.
Moreover, Kaili was one of many organizers of the 2021 Influential Blockchain & Crypto convention.
Her arrest bodes unwell for doubtlessly devastating results on the EU cryptocurrency house, as she was considered one of Europe’s most ardent supporters of cryptocurrencies.
After the socialist arrest, there’s hypothesis that she may lose her place within the EU parliament if convicted. Within the worst-case situation, if Kaili is eliminated, the crypto trade will lose considered one of its frontline legal professionals.