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EU Sanctions Package Bans Russian Crypto Providers and RUBx
The European Union released its biggest sanctions package against Russia in two years and imposed a total ban on crypto providers and platforms established in Russia. The package also bans the digital ruble, the ruble-pegged RUBx stablecoin, and EU support for development of the digital ruble. Chainalysis said the measures also target 20 Russian banks, four third-country financial institutions tied to the SPFS messaging network, and TengriCoin, a Kyrgyz exchange operating as Meer.kg where A7A5 is traded.