Partager cet article
EU Bans Providing High-Value Crypto Services to Russia
The move follows warnings that crypto is being used to circumvent sanctions imposed in response to the invasion of Ukraine.
Par Jack Schickler
European Union member states agreed Friday to ban the provision of high-value crypto-asset services to Russia as part of a fifth package of sanctions imposed in response to the Ukraine war.
The measure will "contribute to closing potential loopholes" in existing restrictions, the European Commission said, and were announced alongside bans on four Russian banks, coal imports and offering advice on wealth-concealing trusts to oligarchs.
According to a statement made by the Council of the EU, which represents national governments within the bloc, the measures extend a prohibition on deposits to crypto wallets.
European Central Bank President Christine Lagarde recently warned crypto was being used to evade sanctions, despite little evidence.
In an FAQ posted April 4, the commission said crypto was already included in existing asset freezes, and on March 9 extended the definition of "transferable securities" to include virtual assets.
More For You
‘The banks will not accept it’: Dimon escalates battle over stablecoin rewards in CLARITY Act debate
JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned the current CLARITY Act framework could ultimately fail, as banks and crypto firms clash over whether stablecoin issuers should be allowed to offer yield-bearing rewards that resemble bank deposits.
What to know:
- JPMorgan Chase CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong and warned that the latest CLARITY Act draft could fail if lawmakers do not address banks’ concerns over stablecoin regulation on Friday.
- Dimon argued that the bill would let stablecoin issuers effectively pay interest on deposits without bank-style protections, predicting...
Top Stories
