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EU Issues Bitcoin, Crypto Ban On Russia – Bitcoin Magazine



The European Union (EU) has doubled down on previous sanctions against Russia, which restricted bitcoin and cryptocurrency transactions, leading to an outright ban on all transactions, according to a statement. word father European Commission.

“The Committee welcomes the Council’s adoption of the eighth package of tough sanctions against Russia for its aggression against Ukraine,” the statement read.

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

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