EU widens Belarus ownership ban to all crypto service providers

CoinTelegraph·

EU widens Belarus ownership ban to all crypto service providers

60-second summary

The EU is expanding its ban on Belarusian nationals and residents to all crypto service providers, effective August 25. This includes exchanges and other MiCA-regulated firms, prohibiting ownership, control, or management. The move aims to restrict Belarus' access to the European crypto market, potentially impacting the country's ability to participate in global digital asset transactions.

The EU will bar Belarusian nationals and residents from owning, controlling or managing exchanges and other MiCA-regulated crypto firms from Aug. 25.