EU Approves New Sanctions Against Russia, Bans Transactions with Multiple Cryptocurrency Platforms

Financial and Cryptocurrency Sanctions

On the 23rd, the EU Council officially approved the 21st package of sanctions in response to Russia's invasion of Ukraine. The package intensifies regulations on the banking sector and cryptocurrency networks, designating an additional 218 entities and individuals for asset freezes, travel bans, and transaction prohibitions.

The EU's sanctions measures prohibit companies and individuals within the EU from engaging in transactions with designated sanctioned institutions and operators. The measures include asset freezes, travel bans, and transaction prohibitions...