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 EU Issues Bitcoin, Crypto Ban In Russia –  Crypto
October 6, 2022

EU Issues Bitcoin, Crypto Ban In Russia – Crypto

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The European Union (EU) has doubled down on previous sanctions against Russia that limited bitcoin and cryptocurrency transactions, banning all transactions entirely, the European Commission said in a statement.

“The Commission welcomes the Council’s adoption of the eighth tough package of sanctions against Russia for its aggression against Ukraine,” it said.

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


Source: bitcoinmagazine.com

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