EU Slaps 14 Crypto Firms with Sanctions in Escalating Response to Russia Invasion
The European Union has announced its 21st sanction package against Russia, which includes bans on 14 cryptocurrency firms. The move is aimed at escalating pressure on Russia in response to its invasion of Ukraine.
The sanctions target companies involved in the Russian digital economy, including those providing services for cryptocurrencies such as Bitcoin and other virtual assets.
CoinDesk reported that the EU has taken a strict stance against Russian crypto firms, with 14 companies being blacklisted. The exact reasons for these bans were not specified in the announcement.