Crypto

EU Crypto Sanctions Hit 14 Platforms, Restricting EU Businesses

Guavy AI Editorial Team Published August 24, 2026

Crypto sanctions from the European Union took effect on August 23, restricting EU businesses from interacting with 14 crypto platforms based in various countries. The move is part of a broader package aimed at Russia's war economy, which includes adding 94 banks and financial institutions to an asset-freeze list.

The 21st sanctions package approved by the Council of the EU names crypto operators that Brussels says were helping Moscow evade restrictions. Unlike a full asset freeze, this ban only prohibits transactions with these platforms, allowing EU nationals to withdraw their own funds.

A key change in the package raises the compliance bar for EU-based exchanges, banning Russian and Belarusian nationals from owning or controlling any crypto service provider licensed under MiCA, starting August 25.

EU Crypto Sanctions Hit 14 Platforms, Restricting EU Businesses

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