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The European Union passes the largest-scale sanctions against Russia, restricting the cryptocurrency industry.
ME News Report, April 27 (UTC+8), the European Union has approved the 20th round of sanctions against Russia, one of the largest measures in nearly two years, including the first comprehensive restrictions on the crypto industry. These measures include banning Russian crypto service providers and platforms, blocking digital ruble and stablecoin RUBx, and prohibiting EU entities from trading with Russian and Belarusian crypto and DeFi platforms. Additionally, the sanctions cover 20 Russian banks and related financial institutions. The EU stated that Russia is increasingly relying on crypto assets to evade sanctions. (Source: MLion)