EU Council: Cryptocurrency firms must review 2,200 Russian entities
The European Council has approved the 14th round of sanctions against Russia for its invasion of Ukraine in 2022. The sanctions mainly target Russia's industrial and financial ties with the Vladimir Putin government. Sanctions include banning EU ports from reselling Russian liquefied natural gas. European banks are also banned from connecting to the Russian financial transfer system.
The European Council prohibits cryptocurrency platforms from providing transactions to any company or organization that helps Russia supplement its weapons supply and military technology. According to the latest EU sanctions, cryptocurrency companies must review 2,200 Russian entities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Indian Supreme Court’s YouTube Channel Hacked to Promote Crypto Scam
Judge Approves Terraform Labs Liquidation, Payouts Expected for Investors
Why BlackRock Is Eyeing Bitcoin as a Hedge Against Dollar Volatility
Unveiling the Elite: 5 Titans Reshaping the Quantum Computing Landscape