🚨⚡ EU PROPOSES TOTAL BAN ON CRYPTO WITH RUSSIA ⚡🚨
The European Union is preparing the 20th sanctions package against Russia, with a shocking proposal: a total ban on cryptocurrency transactions with Moscow to block evasion channels.
Announced by the European Commission on February 5, the plan aims to close the gaps in digital payments used by the Kremlin to finance the war in Ukraine, targeting crypto platforms, traders, and services that facilitate exchanges with Russian users.
President Ursula von der Leyen stated: "We are adding another 20 Russian regional banks and will take measures against cryptocurrencies, the companies that trade them, and the platforms that allow trading, to close any possibility of evasion."
Among the new measures is the ban on the digital ruble (Russian CBDC) within the EU and the prohibition for European companies to interact with Russian crypto-asset providers, extending controls to banks in third countries like Kyrgyzstan and the UAE.
These measures follow previous packages: the 19th banned the stablecoin A7A5 linked to the ruble and crypto services for Russians.
The aim is to strangle alternative financial flows, after Russian companies were using Bitcoin and USDT for millions of dollars monthly.
The package also includes bans on export/import for over 930 million euros in goods such as metals and rubber, and sanctions on 100 entities linked to energy and arms.
Approval requires unanimity from the 27 States: three have expressed reservations, but Brussels aims to pass it by February 24, the fourth anniversary of the invasion.
Impact on the crypto market? Bearish for assets linked to Russia, with risks for global exchanges.
