EU Hits Russia With Toughest Crypto Crackdown Yet
Share:
On July 23, 2026 the EU adopted its 21st sanctions package barring EU persons from transacting with 11 unnamed crypto operators and 94 banks and financial institutions. The firms, mostly based in Belarus and Nigeria, were identified as conduits funneling funds between Russia and sanctioned jurisdictions, raising regulatory and security risks for cross-border crypto, DeFi, CEX and DEX activity.
Predictions Markets
See what traders are focused on
The European Union agreed on Thursday to its 21st sanctions package against Russia. EU persons are now barred from transacting with 11 unnamed crypto operators and 94 banks and financial institutions.
While names of the 11 crypto platforms have been withheld, the EU has revealed that they mostly operate in Belarus and Nigeria, acting as conduits to funnel money between Russia and countries blocked from doing business with it.
Read More
Russia’s Producer Price Index Accelerates to 10.5% in June
