Key Takeaways:

• The EU launched its 20th sanctions package, strictly targeting the entire Russian cryptocurrency industry.
• Chainalysis sees a new enforcement era, banning EU users from Russian crypto after A7A5 moved $93.3B.
• Global crypto compliance faces a shrinking environment as the EU’s 20th package targets VASPs like Meer.

Chainalysis Heralds New Era Of Crypto Enforcement With EU’s 20th Sanctions Package Against Russia

The European Union (EU) has recently issued the 20th package of sanctions against Russia. In addition to the usual designations, the bloc has introduced sweeping measures to try to stop inflows into the nation via the crypto sector.

The new sanctions include what Chainalysis claims would be one of the bloc’s…