EU Advisor Peter Kerstens recently offered new insights into the Union's impending crypto regulations, stating that under MiCA law, NFT collections will receive the same treatment as cryptocurrencies. Through an aggressive stance on NFTs, the EU hopes to curtail instances upon which crypto assets are used for money laundering and other illicit purposes by requiring citizens to receive express authorization from the EU before launching an NFT project. With new processes being set into motion, the EU's regulatory measures echo US-centered efforts to dissuade bad actors from using emerging blockchain technologies as means to commit white-collar crime at scale.