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The EU passes its largest-ever sanctions against Russia, restricting the crypto industry

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ME News, April 27 (UTC+8): The EU has approved its 20th round of sanctions against Russia. This is one of the largest measures in the past two years, and for the first time it imposes comprehensive restrictions on the crypto industry. The measures include banning Russian crypto service providers and platform operators, blocking the digital ruble and the stablecoin RUBx, and prohibiting EU entities from trading with Russian and Belarusian crypto and DeFi platforms. In addition, the sanctions cover 20 Russian banks and related financial institutions. The EU said that Russia is increasingly relying on crypto assets to evade sanctions. (Source: MLion)
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