EU Slams Brakes on Crypto Transactions with 14 Platform Bans

The European Union has imposed significant sanctions on the crypto industry, banning transactions with 14 platforms across six jurisdictions.

This move is aimed at preventing Russia from evading existing sanctions and marks a new phase in regulatory compliance for the sector.

The EU's package introduces major restrictions, including a mechanism for imposing full bans on non-compliant crypto services associated with Russia.