EU Sanctions Hit Russia's Crypto Network, Targeting $120B in Assets

The European Union has imposed its 21st round of sanctions on Russia, targeting a $120 billion crypto network. The move is part of ongoing efforts to pressure Moscow amid the conflict in Ukraine.

The latest package includes restrictions on several Russian banks and financial institutions, as well as measures aimed at disrupting the country's access to international payment systems. Notably, it targets a major cryptocurrency network with an estimated value of $120 billion, according to reports.

No specific details were provided about the targeted crypto network or how the sanctions would be enforced. However, experts warn that such moves could have far-reaching consequences for the global digital asset market.