EU Adopts 20th Russia Sanctions Package, Expands Crypto BanThe EU has approved its 20th sanctions package against Russia, one of the largest in two years, sweeping restrictions on the crypto sector for the first time. Measures include a full ban on transactions with Russian crypto service providers and platforms, as well as prohibitions on the use and support of the digital rouble and the RUBx stablecoin. The package also targets Russia’s financial system, imposing transaction bans on 20 Russian banks and a ...

China’s Bitcoin mining ban has backfired, with underground miners pushing the country back to nearly 20% of global hashrate. | Credit: Getty Images. Key Takeaways China’s share of global Bitcoin mining has quietly climbed back to 20% despite a 2021 nationwide ban. The country is now the world’s third-largest Bitcoin mining hub again. China joins several countries that attempted blanket crypto bans only to reverse course or regulate after enforcement proved ineffective. When China outlawed Bitcoin ...