EU MOVES TO SHUT DOWN ALL CRYPTO PIPELINES TO RUSSIA $BTC
EU proposes total ban on crypto transactions linked to Russia. This is a seismic shift. No more targeting individual exchanges. They are cutting off the entire crypto artery. This is the EU's most aggressive move yet against sanction evasion via digital assets. Previous attempts to list specific providers failed. New entities quickly emerge. Garantex is a prime example, followed by Grinex, processing billions. The EU is now targeting all transactions involving Russia's digital ruble. Export controls are expanding to Kyrgyzstan, a key hub. Russia relies heavily on crypto for cross-border trade as traditional channels tighten. This proposal requires unanimous consent from all 27 member states. The exact details remain unclear as some nations have expressed concerns. This represents a fundamental pivot from sanctioning actors to blocking entire financial channels. The implications for decentralized finance are immense.
Disclaimer: This is not financial advice.