The European Union has adopted its 21st sanctions package against Russia, including a record number of 48 individuals and 170 entities, among which 14 crypto service platforms based in Georgia, Panama, the United Arab Emirates, the Marshall Islands, Kyrgyzstan and Belarus. This package also targets over 100 banks and cryptocurrency operators, as well as more than 50 entities from the Russian military-industrial complex. For the first time, the EU is introducing the possibility of a total ban on crypto-asset service providers established in third countries used to circumvent its sanctions. This measure aims to deter states hosting platforms involved in circumventing Russian sanctions.
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