The European Union is preparing a sweeping ban on cryptocurrency transactions involving Russian entities, even as Russian financial firms accelerate efforts to institutionalize crypto investment products at home.
Summary
- The European Commission is proposing a blanket ban on all cryptocurrency transactions involving Russian entities as part of its 20th sanctions package.
- The measure aims to close loopholes that previously allowed sanctioned Russian crypto platforms to rebrand or reroute transactions.
- Meanwhile, Russian broker Finam has launched a regulated cryptocurrency mining investment fund registered with the Bank of Russia, signaling deeper institutional adoption of digital…
