EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus

EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus

The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed a new agreement between the 27 members of the European Union to amend the bloc’s regulations imposing sanctions on Russia — for its military assault on Ukraine —....


Related News

EU Includes Crypto Assets On Its Sanctions List Against Russia And Belarus

The European Union announced late Wednesday that crypto assets fell within the category of “transferable securities,” and hence are clearly included in the scope of sanctions imposed on Russia for its invasion of Ukraine and Belarus for its participation. According to the EU, certain corporate entities and individuals from the two allied countries are prohibited […]

Sanctions on Russia and Belarus will include crypto — European Commission

The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network. The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine.In a Wednesday statement, the European Commission said member states had agreed to amend regulations with the goal of ensuring “even more effectively that Russian sanctions cannot be circumvented, including through Belarus.” The commission said crypto....

Western Union Suspends Operations in Russia, Belarus Over Ukraine War

Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western Union Condemns Invasion of Ukraine, Halts Services in Russia and Belarus Money transfer specialist Western Union has condemned Russia’s military assault on neighboring Ukraine, expressing “shock, disbelief, and sadness around this tragedy and humanitarian disaster.” The....

Belarus to Remain Crypto-Friendly as Ally Russia Mulls Blanket Ban

Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do not plan to tighten the country’s regulatory framework for the crypto sector, a statement has indicated. This comes as Russia, which is a close economic ally, is mulling over a proposal to impose harsh....

Crypto exchanges consider Ukraine’s call to freeze Russians’ Bitcoin

As some platforms freeze accounts linked to Russia and Belarus, Binance said it will not block innocent Russians’ crypto assets. As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well.Mykhailo Fedorov, minister of digital transformation of Ukraine, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addresses of Russian users.He emphasized that exchanges should freeze not only the addresses tied to Russia and Belarus....