EU Bans Providing High-Value Crypto Services to Russia

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EU Bans Providing High-Value Crypto Services to Russia
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The EU is banning high-value crypto asset services and deposits to Russian crypto wallets in response to the war in Ukraine. jackschickler reports.

European Union member states today agreed to ban the provision of high-value crypto-asset services to Russia as part of a fifth package of sanctions imposed in response to the Ukraine war." in existing restrictions, the European Commission said, and were announced alongside bans on four Russian banks, coal imports and offering advice on wealth-concealing trusts to oligarchs.

According to a statement made by the Council of the EU, which represents national governments within the bloc, the measures extend a

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