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EU Proposes Ban on Transactions with 11 Crypto Platforms in Latest Russia Sanctions Package

By

@cointelegraph

14d ago· 3 min readenNews

Summary

The European Union has proposed banning transactions on 11 unnamed crypto platforms as part of its 21st sanctions package against Russia. The measures, announced by EU foreign policy chief Kaja Kallas, target banks, weapons manufacturers, oil traders, refineries, and other entities outside the bloc. The proposal also includes wider restrictions on third-country crypto-asset services, tightening existing sanctions on crypto services to certain countries.

Source

bskyEU Proposes Ban on Transactions with 11 Crypto Platforms in Latest Russia Sanctions Packagecointelegraph.com

Key quotes

· 2 pulled
We will also tighten our ban for crypto-asset services to certain third countries, add new designations, and ban transactions on 11 crypto platforms.
Kaja Kallas, vice president of the European Commission and the EU's high representative for foreign affairs and security affairs, outlined measures targeting banks, weapons manufacturers, oil traders, refineries and other entities outside the bloc.
Snippet from the RSS feed
The European Commission did not name the 11 crypto platforms targeted in its proposed sanctions package, which also includes wider restrictions on third-country crypto-asset services.

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