Financial Curtain: The EU prepares a full ban on crypto transactions with the Russian Federation 🚫
The European Commission is initiating a radical step — a complete ban on any cryptocurrency operations between EU countries and the Russian Federation.
According to Investing.com, this measure is aimed at closing loopholes for circumventing sanctions through digital assets. As reported by ForkLog, the restrictions will not only apply to centralized exchanges but may also encompass interactions with non-custodial wallets.
Analysts are already predicting a liquidity outflow and increased regulatory pressure on crypto companies operating in the European jurisdiction. This decision could set a precedent for the global market, forcing platforms to implement stricter geolocation monitoring systems. The crypto world, which has sought decentralization, is increasingly facing geopolitical realities.
