EU Sanctions Expand to All Crypto Service Providers from Belarus
The European Union has expanded its sanctions on Belarus to include all crypto service providers, effective August 25. This move is part of the EU's effort to target Belarus over its involvement in Russia's war against Ukraine.
The restriction prohibits Belarusian nationals and residents from owning, controlling, or managing any entity providing crypto services regulated under the Markets in Crypto-Assets (MiCA) framework. This includes operating trading platforms, exchanging crypto assets, executing client orders, placing crypto assets, and offering investment advice or portfolio management.
The decision enters into force on July 24, while the expanded crypto provision will apply from August 25. This expansion comes weeks after the end of MiCA's transition period on July 1.