EU Bans 14 Crypto Platforms for Helping Russia Evade Sanctions

The European Union has expanded its sanctions against Russia by banning 14 cryptocurrency platforms, including HTX owned by Justin Sun. The EU accuses these platforms of helping blocked Russian entities move funds and bypass sanctions.

According to the EU's action, this marks a shift in enforcement, allowing bans on entire countries hosting such platforms, increasing pressure on crypto jurisdictions with weak sanctions controls.

Crypto markets are showing a general downward trend, with major coins like Bitcoin falling 2.11% to $63,720 and Ethereum dropping 2.61% to $1,853.16. Other notable declines include Solana, Cardano, and Avalanche, reflecting ongoing market volatility.