Reuters: EU plans to impose sanctions on Russian crypto-assets
For now, the officials are waiting to see the effect of a number of restrictions against Russia before imposing new ones
04.03.2022 - 07:15
398
1 min
0
What’s new? The European Union (EU) is working on further sanctions against Russia, which may also affect the cryptocurrency industry. Earlier, the EU imposed financially restrictive measures against Moscow, affecting a number of Russian banks in particular. This is reported by Reuters, citing its own sources.
Information on the Reuters website
What do the officials say? According to Reuters, European officials have decided to discuss the introduction of restrictions following concerns from the US and the UK. The governments of those countries have stated that Russia can use digital assets to circumvent sanctions. ECB chief Christine Lagarde noted that measures should be taken to prevent this. One of the European officials on condition of anonymity told Reuters:
“We still have many ideas how we can take work forward when it comes to sanctions, whether it’s on trade, whether it’s on energy, whether it’s on exports or shipping. So it is being worked on as we speak. We see the implementation and the effect of what we have done so far.”
What had happened before? Last week the EU approved a raft of financial, energy, export, and tourism bans. These include freezing the assets of Russia’s Central Bank, closing EU airspace to Russia, and excluding some Russian banks from the SWIFT international payments system.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024