EU imposes a ban on the maintenance of Russians’ crypto wallets
Citizens of the Russian Federation will not be able to create accounts or store digital assets, regardless of their amount
06.10.2022 - 10:40
726
2 min
0
What’s new? The European Union has adopted the eighth package of sanctions against Russia, tightening existing restrictions on the use of digital assets. The EU authorities have imposed a complete ban on the maintenance of all crypto wallets and accounts, as well as crypto asset custody services for Russian users, regardless of their amount, the European Commission’s website says.
The European Commission’s website
What happened before? In early March, Europe announced restrictions against Russia that affected the cryptocurrency industry. On April 8, the EU imposed the fifth package of sanctions against Russia, which limited Russian residents’ investments in digital assets to €10 000. On April 21, crypto exchange Binance also imposed restrictions on Russian users as part of compliance with the EU’s order.
It became known at the end of September that the EU plans to ban crypto services from providing services to Russians. However, at the moment, representatives of Binance did not give comments on how the new restrictions of the EU authorities will affect the terms of maintenance for users from Russia.
For how the sanctions will affect Russian cryptocurrency users, read GetBlock Magazine’s article.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 758
BTC
+4.02%
-
Ethereum
$3 333.67
ETH
+8.51%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.37
XRP
+24.36%
-
Dogecoin
$0.39545
DOGE
+4.86%
-
Cardano
$0.874952
ADA
+12.38%
-
Bitcoin Cash
$489.75
BCH
+12.08%
-
Polkadot
$6.16
DOT
+10.9%
-
Stellar XLM
$0.27892
XLM
+15.42%
-
Litecoin
$90.4
LTC
+8.32%