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The EU’s European Council on Monday announced the 8th package of sanctions against Russia. The new package tightens existing prohibitions on crypto assets by banning all crypto-asset wallets, accounts, and custody services to citizens, individuals, and entities in Russia. It also bans other services including IT consultancy, legal advisory, architecture, and engineering services to the Russian government and entities.
The EU Bans Crypto Services to Russia in New Sanctions
The EU’s European Council on October 6 approved the 8th package of sanctions against Russia for its aggression on Ukraine. The fresh sanctions on Russia include a blanket ban on all crypto-asset wallets, accounts, and custody services offered to Russians, as well as individuals or entities in Russia.
Previously, the EU allowed Russians to have crypto investments of up to 10,000 Euros in crypto-asset wallets, accounts, and crypto custody providers. However, the new sanctions ba
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