The EU May Ban Cryptocurrency Transactions for Russian Users
Main page News, Russia, European Union, Cryptocurrency
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Sept. 29, 2022

The EU plans to consider the possibility of completely banning the provision of cryptocurrency services in the eurozone for Russians, CoinDesk has reported.

It looks like these sanctions are being discussed by the members of the bloc in response to the holding of bogus referendums in the Russian-occupied regions of Ukraine.

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According to a source, the previous limit on user transactions with deposits over €10,000 ($9,600) will be lifted. This means Russian citizens will not be able to store any assets in EU crypto wallets.

It should be noted that the detailed content of the new package of sanctions has not yet been published and is subject to agreement with the EU member states.

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