US EditionBrussels Aims to Ban Russian Crypto Activity Amid Sanctions Crackdown
19 Articles
19 Articles
The European Union is considering the possibility of introducing a total ban on cryptocurrency transactions with Russia.
The European Commission has proposed to ban any transactions involving cryptovals linked to Russia, reporting the Financial Times, referring to the commission ' s paper on the forthcoming sanctions against the Russian Federation.
EU Targets Russian Crypto And Banks In Sweeping Sanctions
The European Union is finalizing a new package of sanctions aimed at closing loopholes that officials say have allowed Russia to use cryptocurrency to circumvent existing restrictions. The EU is seeking to “ban all cryptocurrency transactions with Russia” as part of the upcoming 20th sanctions package, the Financial Times reported on Tuesday. Unlike previous efforts targeting Russia-linked entities spun out of already sanctioned platforms, the n…
The European Commission has proposed the establishment of a total ban on any operations with related cryptomonies in Russia, in an attempt to block the mechanisms through which Moscow raises international sanctions.
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