EU Crackdown: European Union Bans Russian Crypto Payments

EU crackdown: The Russian-European battle is still burning. The recent announcement by the European Union to ban Russian crypto payments has added more fuel to the fire.

The European Union has confirmed its decision to ban cryptocurrency services to Russia. This is part of a plan to clamp down and impose economic restrictions on Russia. It is in response to what the EU said was a fraudulent referendum in Ukraine.

EU Crackdown Due to Dodgy Referendum

The referendum in Ukraine was asking the citizens in the eastern Ukrainian region of Donetsk if they wanted to become independent from Ukraine itself. Just three hours after the polls closed, the results were announced, casting doubt on the authenticity of the process. The re