EU Contemplates Crypto Transaction Ban with Russia Amid Sanctions

The EU is evaluating a ban on cryptocurrency dealings with Russia to close loopholes in sanctions, targeting successors to Garantex.

The European Union is exploring the possibility of prohibiting cryptocurrency transactions with Russia as part of efforts to tighten sanctions aimed at curbing evasion tactics. This move is particularly focused on preventing the rise of potential successors to Garantex, a Russian crypto exchange that faced EU sanctions last year.