EU Expands Crypto Sanctions as P2P Platform NoOnes Announces Shutdown

The European Union has expanded crypto sanctions and proposed restrictions on transactions with crypto platforms in third countries that facilitate Russian sanctions evasion . The impact is already being felt at the platform level, with P2P platform NoOnes announcing a gradual shutdown . Meanwhile, the U.S. Financial Accounting Standards Board has proposed allowing qualifying stablecoins to be classified as cash equivalents, a potential game-changer for institutional adoption .