EU hits Russia with massive 21st sanctions package targeting $120B crypto network
CoinDesk·
60-second summary
The EU is imposing a massive 21st sanctions package on Russia, targeting a $120 billion crypto network. For the first time, the EU is considering a ban on third-country crypto services providers. The package targets 14 unnamed crypto companies, likely to cripple Russia's access to global crypto markets, further exacerbating economic isolation and potential crypto market volatility.
The EU is considering a ban on third-country crypto services providers for the first time and is targeting 14 crypto companies, which it has not named yet.