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European Bloc Seeks to Impose Blanket Ban on Russia-Related Crypto Transactions
The European Union is preparing to impose a blanket ban on all cryptocurrency-related activities involving Russia in an attempt to ramp up sanctions on the country, the Financial Times reported. The goal appears to be to limit Russian purchases of goods used in the war in Ukraine. According to a document seen by the publication, the proposal came from the European Commission, which suggested a blanket ban rather than picking off and banning copycat entities spun off from sanctioned firms. “In order to ensure that sanctions achieve their intended effect, [the EU] prohibits engagement with any crypto asset service ... (full story)
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