Key Insights:
In the latest crypto regulation news, the EU has proposed banning transactions on 11 crypto platforms. It’s a part of its latest sanctions package against Russia.
Officials say the targeted entities helped sanctioned Russian individuals or facilitated sanctions evasion.
The European Commission has not disclosed the names of the affected crypto platforms.
In its latest Russia sanctions package and EU crypto regulations, the European Union has proposed a ban on transactions involving 11 unnamed cryptocurrency platforms. EU High Representative Kaja Kallas said the measures will “ban transactions on 11 crypto platforms”. That’s a part of the 21st package of sanctions targeting entities that help Moscow evade restrictions.
Crypto Regulation Update | Source: X
The move marks a further expansion of the EU’s sanctions framework into digital asset markets. It also underscores how crypto regulation is becoming a tool of foreign policy.
EU Sanctions Packag
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