The European Commission is considering expanded sanctions aimed at crypto services tied to Russia. According to reports, the proposal would include a broader ban on certain crypto-related activities linked to platforms that are described as helping Russia evade existing sanctions. One outlet says the Commission could move toward a full ban on crypto services from non-EU countries that host platforms considered to support Russia’s sanctions evasion. Another report specifies that the Commission is discussing restrictions involving 11 crypto platforms, including bans on transactions on those platforms. The measures are also described as part of a wider effort to expand sanctions against networks accused of facilitating Russia’s ability to circumvent restrictions. The reporting focuses on proposed steps rather than confirmed implementation, and details such as the final scope, legal timing, and how the bans would apply in practice depend on the outcome of the EU process. Overall, the proposal targets both specific named platforms and the broader networks connected to alleged sanctions-evasion activity.
EU proposes expanded sanctions targeting Russia-linked crypto platforms
The European Commission is considering expanded sanctions aimed at crypto services tied to Russia. According to reports, the proposal would include a broader ban on certain crypto-related activities l...
- The European Commission is considering expanded sanctions related to crypto platforms linked to Russia.
- Proposals include transaction bans affecting 11 crypto platforms.
- The measures target platforms and networks accused of helping Russia evade sanctions.
- One report says the EU could move toward a broader ban covering crypto services from non-EU hosting jurisdictions.
- The reports describe proposed actions rather than final, implemented sanctions.
The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions.
2 months agoThe European Commission may introduce a full ban on crypto services from non-EU countries that host platforms helping Russia evade sanctions.
2 months ago
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