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EU Moves to Ban All Crypto Transactions with Russian Entities: Report

Summary by decrypt.co
Lawmakers want to make it illegal for any party in the EU to transact with Russian counterparties using crypto, to help enforce sanctions.
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The European Commission evaluates an EU-wide ban on cryptocurrency transactions involving Russian-established counterparts, seeking to close a flank that, according to the report, has allowed sanctions to be circumvented through name changes, new platforms and crypto networks designed to move funds despite controls. *** The European Commission proposes to veto in the EU transfers of cryptoactives to and from Russian-based counterparts. The plan …

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CoinGeek broke the news in on Monday, February 16, 2026.
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