EU eyes ban on foreign crypto services linked to Russia sanctions evasion
EU eyes ban on foreign crypto services linked to Russia sanctions evasion
The European Commission has proposed sanctions on 20 non-EU entities, including crypto platforms accused of helping Russia bypass existing restrictions.New measures could introduce the EU’s first country-level ban on crypto services from jurisdictions hosting platforms linked to sanctions evasion.Chainalysis reported $93.3 billion in transaction volume tied to the ruble-backed stablecoin A7A5, a network cited in growing scrutiny of Russia-linked crypto activity.