Just days after Russia's Ministry of Finance announced plans to let any industry in the country to accept bitcoin and cryptocurrencies for international trade without restriction, the EU has imposed a sweeping ban on providing crypto services to Russians as part of its eighth round of sanctions. The new measure steps up restrictions that had been in place since April.
“The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet…EU Bans Russia From Using Crypto Services
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