EU Issues Bitcoin, Crypto Ban On Russia – Bitcoin Magazine

The European Union (EU) doubled down on previous sanctions against Russia that limited bitcoin and cryptocurrency transactions, resulting in a total ban on all transactions, according to a statement from the European Commission.

“The Commission welcomes the adoption by the Council of an eighth package of tough sanctions against Russia for its aggression against Ukraine,” the statement said.

All bitcoin and cryptocurrency wallets, accounts and custody services in Russia are prohibited. Previously, transactions were limited to €10,000 ($9,900).

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