EU bans crypto wallets in new sanctions against Russia

EU regulators have announced new cross-border crypto sanctions against Russia, banning crypto wallet accounts and custody services.

The European Commission has announced a new wave of sanctions against Russia – the eighth package since Russia’s invasion of Ukraine – and included another ban on cryptocurrency related cross-border transactions.

The latest round of sanctions, according to a press release the EU published today, is a response to the recent Russia-led “sham” referenda and continued escalation of the war vi