EU Plans to Sanction 11 Crypto Platforms Linked to Russia in 21st Round

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The EU’s 21st sanctions package targets 11 crypto platforms under MiCA for allegedly helping Russia circumvent CFT measures. Kaja Kallas confirmed the move, which also extends the ban on crypto services from third countries. Ursula von der Leyen stated that the package will impact 90 Russian banks, with 31 facing complete transaction blocks. The new rules align with MiCA’s broader regulatory initiative.

ChainThink reports, according to Bits.media, EU High Representative for Foreign and Security Policy Kaja Kallas stated that the EU plans to impose restrictions on 11 cryptocurrency platforms identified as assisting Russia in evading international sanctions in its 21st round of sanctions, and to expand prohibitions on certain third-country crypto asset-related services.

Kaja Kallas said the EU will also expand its sanctions list and prohibit transactions with these 11 crypto platforms, without disclosing the specific platform names.

European Commission President Ursula von der Leyen said the new measures will also target the traditional financial sector and could involve around 90 Russian banks, with 31 potentially facing a full transaction ban.

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