The European Union has expanded its Russia crypto sanctions to 14 foreign service platforms while creating a country-level transaction ban that could cut EU operators off from crypto providers in jurisdictions accused of repeatedly enabling sanctions evasion.
Summary
- The EU has imposed transaction bans on 14 foreign crypto platforms under its latest Russia sanctions package.
- New rules allow the EU to block crypto providers across countries that repeatedly fail to prevent Russia sanctions evasion.
- Restrictions on Russian and Belarusian ownership and control of EU crypto firms will expand from Aug. 25.
- No country has yet been placed under the new country level crypto…
