EU Sanctions Package Targets Crypto Platforms in Georgia

The European Union has approved its 21st package of sanctions against Russia, which targets crypto platforms in Georgia.

The new package includes 32 Russian banks, crypto firms, and oil trading platforms that are banned from transactions. Among the 14 crypto companies on the sanctions list are several platforms operating in Georgia.

This is not the first time the EU has targeted crypto companies. The Financial Times reported earlier this month that the upcoming package would include crypto companies and platforms outside Russia that serve sanctioned individuals and facilitate circumvention of restrictions.