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Submission: On April 10 via api from US — Scanned from DE
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Get StartedWalletBuy & SellCasino GamesExchange Company Sign in Create Account * Interviews * Press Releases * About * Advertise Search NEWS Apr 10, 2022 Search * Interviews * Press Releases * About * Advertise * BTC$42669.98+0.46% * ETH$3246.83+0.75% * BNB$423.01-0.88% * XRP$0.76-0.69% * SOL$111.25-0.06% * ADA$1.03-0.67% * LUNA$93.14-2.04% * AVAX$83.63-0.62% * DOT$19.47-1.21% * DOGE$0.15+3.60% * BUSD$1.00-0.01% * SHIB$0.00+2.40% * WBTC$42665.91+0.39% * MATIC$1.45-0.47% * DAI$1.00-0.00% * LTC$112.39+0.57% * ATOM$26.76-1.44% * LINK$15.38-0.06% * TRX$0.06+0.21% * FTT$45.93+2.21% * BTC$42669.98+0.46% * ETH$3246.83+0.75% * BNB$423.01-0.88% * XRP$0.76-0.69% * SOL$111.25-0.06% * ADA$1.03-0.67% * LUNA$93.14-2.04% * AVAX$83.63-0.62% * DOT$19.47-1.21% * DOGE$0.15+3.60% * BUSD$1.00-0.01% * SHIB$0.00+2.40% * WBTC$42665.91+0.39% * MATIC$1.45-0.47% * DAI$1.00-0.00% * LTC$112.39+0.57% * ATOM$26.76-1.44% * LINK$15.38-0.06% * TRX$0.06+0.21% * FTT$45.93+2.21% News by Lubomir Tassev 8 hours ago * * 0 EU BANS HIGH-VALUE CRYPTO SERVICES TO RUSSIA IN NEW ROUND OF SANCTIONS European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents. EU LIMITS RUSSIAN CRYPTO WALLET DEPOSITS TO €10,000 Expanding its sanctions in response to the Russian military assault on Ukraine, the European Union has again targeted cryptocurrencies. On Friday, the European Commission, the executive body in Brussels, welcomed the fifth round of restrictions agreed upon by the Council of the EU. They have been tailored to “further contribute to ramping up economic pressure on the Kremlin and cripple its ability to finance its invasion of Ukraine.” The new Council regulation, published in the Official Journal of the European Union, bans the provision of “high-value” crypto-asset services to the Russian Federation. It applies to crypto wallet, account, or custody services for Russian citizens, other residents, and legal entities established in the country, if the total value of the digital funds exceeds €10,000 (close to $11,000). The EU emphasized: > In view of the gravity of the situation, and in response to Russia’s military > aggression against Ukraine, it is appropriate to introduce further restrictive > measures. In particular, it is appropriate to extend the prohibition on > deposits to crypto wallets. Similarly, the EU limits fiat deposits by Russian individuals and organizations but the threshold is much higher, at €100,000. The measures, intended to close various other loopholes, also ban the sale of banknotes and transferrable securities denominated in the euro or other official currencies of the EU member states to Russia and Belarus, Moscow’s closest ally, or to any person or entity registered there. The financial restrictions also envisage the freezing of assets, and a full ban on the transactions of four Russian banks representing a quarter of the country’s banking sector. In late February, Western allies, including EU members and institutions, excluded “selected Russian banks” from the SWIFT messaging network for interbank payments. The European Commission and the Council noted that the Russian financial institutions are now being “completely cut off from EU markets.” TAGS IN THIS STORY conflict, Council of EU, Crypto, crypto assets, crypto deposits, crypto wallets, Cryptocurrencies, Cryptocurrency, EU, european commission, European Union, penalties, restrictions, Russia, russian, Sanctions, Ukraine, War Do you expect the EU to further strengthen crypto-related sanctions imposed on Russia over the conflict in Ukraine? Let us know in the comments section below. LUBOMIR TASSEV Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration. SKY MAVIS RAISES $150 MILLION IN FINANCING ROUND LED BY BINANCE TO REFUND USERS AFFECTED BY THE RONIN BRIDGE EXPLOIT NEWS | 1 day ago WEB3 SECURITY FIRM CERTIK RAISES $88 MILLION IN SERIES B3 FINANCING ROUND LED BY TIGER GLOBAL AND OTHERS NEWS | 2 days ago Image Credits: Shutterstock, Pixabay, Wiki Commons PREVIOUS ARTICLE Billionaire Peter Thiel Says Bitcoin Could Rise 100x — Unveils BTC’s Enemy List With Warren Buffett at Top NEXT ARTICLE HBAR Foundation Launches $250 Million Metaverse Fund to Entice Developers to Build on Hedera Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. 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