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.
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
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
CFTC Gives No-Action Leeway to Polymarket, Gemini, PredictIt, LedgerX Over Data Rules
The CFTC granted the operators of Polymarket, PredictIt, Gemini and LedgerX permission to skip certain recordkeeping requirements.
需要了解的:
- The Commodity Futures Trading Commission granted several prediction-market firms certain regulatory leeway in meeting derivatives rules, suggesting they won't get into enforcement trouble if they do business as intended.
- The no-action letters went to Polymarket, PredictIt, Gemini and LedgerX/MIAX.
