Wu Blockchain (@WuBlockchain): According to FT, the European Commission is proposing a blanket ban on crypto transactions with Russia to curb sanctions evasion. The plan would prohi…
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According to FT, the European Commission is proposing a blanket ban on crypto transactions with Russia to curb sanctions evasion. The plan would prohibit engagement with any Russia-established crypto asset service provider or platform, citing concerns that Moscow uses crypto to bypass restrictions. The proposal also targets Russia-linked crypto entities spun out of sanctioned platforms and includes a ban on digital rouble transactions. The measures are part of the EU’s upcoming sanctions package and require unanimous approval by member states. https://www.ft.com/content/c225a2dd-2bbb-4123-899c-0e5394a8d8e7