Proposed measures could extend to banks and central bank digital currency infrastructure as the EU strengthens financial pressure linked to the Ukraine conflict.
European Union officials are weighing a sweeping prohibition on cryptocurrency transactions involving Russia, signalling a more rigid sanctions posture against alternative financial networks.
Policymakers argue that the rapid emergence of replacement crypto service providers has undermined existing restrictions.
Internal European Commission discussions indicate concern that digital assets are facilitating trade flows supporting Russia’s war economy. Authorities say platform-specific sanctions are ineffective, as new entities quickly…
