X @Wu Blockchain

According to FT, the European Commission is proposing a blanket ban on crypto transactions with Russia to curb sanctions evasion. The plan would prohibit engagement with any Russia-established crypto asset service provider or platform, citing concerns that Moscow uses crypto to bypass restrictions. The proposal also targets Russia-linked crypto entities spun out of sanctioned platforms and includes a ban on digital rouble transactions. The measures are part of the EU’s upcoming sanctions package and require ...