The European Commission has clarified that Crypto will be subject to additional sanctions targeting Russia and Belarus in response to the military conflict in Ukraine.
In a statement on Wednesday European CommissionsaidMember States have agreed to amend the regulations with the aim of ensuring that “Russian sanctions will become more effective and inevitable. including Belarus.” The commission said crypto assets fall within the scope of He added that loans and credits granted using crypto are not permitted as part of these rigorous financial measures.
The expansion of the sanctions comes after the committee announced in February it would remove several Russian banks from the SWIFT network, which did not specify how to deal with crypto at the time. will vote on the regulatory framework for crypto assets in the EU on March 14
Both the United States and the European Union have hinted that they would view Russia as potentially using the digital currency to circumvent sanctions that some have described as a “dealer.” “Economic war”, which on Wednesday US President Joe Biden has signed an executive order requiring government agencies to coordinate and consolidate policies on a national framework for crypto, as well as explore the possibility of a bank digital currency launch. Central – where the order addresses the risk of evading sanctions three times.
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