The European Union has unveiled its largest sanctions package against Russia in two years, introducing a full ban on crypto providers and platforms established in the country. The measures prohibit all transfers and exchange services linked to Russian-based crypto entities. “Russia is becoming increasingly reliant on cryptocurrencies for international transactions,” the EU said in an April 23 statement. “The EU is introducing a total sectoral ban on providers and platforms established in Russia that allow the transfer and exchange of crypto assets.” The package also blocks Russia’s central bank digital currency and ... (full story)