The European Union is evaluating sweeping restrictions on cryptocurrency transactions linked to Russia, as policymakers intensify financial measures connected to the Ukraine conflict. Proposed actions could broaden existing sanctions to encompass crypto exchanges, digital wallets, banks facilitating virtual asset transfers and even central bank digital currency infrastructure. The initiative reflects growing concern that decentralized financial… Continue reading EU Weighs Comprehensive Crypto Restrictions as Part of Expanded Sanctions on Russia
Tag: EU
EU Moves to Prohibit Russian Crypto Transactions in Escalation of Financial Sanctions
The European Union is preparing to tighten its sanctions regime against Moscow by seeking a comprehensive prohibition on cryptocurrency transactions linked to Russian entities and individuals. The proposed measures aim to prevent the use of digital assets as a tool to bypass existing financial restrictions imposed after the escalation of geopolitical tensions. Policymakers argue that… Continue reading EU Moves to Prohibit Russian Crypto Transactions in Escalation of Financial Sanctions
Bank of France Calls for Direct EU Oversight of Cryptocurrency Firms
The Bank of France has advocated for direct European Union supervision of cryptocurrency firms, citing the need for stronger regulatory oversight and risk mitigation in the rapidly evolving digital asset sector. The central bank emphasizes that fragmented national regulation could expose the financial system to systemic risks, money laundering, and investor protection challenges. A unified… Continue reading Bank of France Calls for Direct EU Oversight of Cryptocurrency Firms