EU bans providing 'high-value crypto-asset services' to Russia

[newshunter]

EU bans providing 'high-value crypto-asset services' to Russia

Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal.

Source: EU bans providing 'high-value crypto-asset services' to Russia

Would appreciate your opinion about this

[TomPluz]

We should be expecting something like this. This can be one of the many casualties in the war of Russia in Ukraine though maybe if one can be more adventurous, those in this type of crypto service can do the same either inside Ukraine or Russia where cryptocurrency is gaining more legitimacy and use due to the pressing needs. As there can be more sanctions slapped by EU on Russia, crypto-related type of business can be affected but this is a little sacrifice we can do and give in sending that BIG message to Putin: STOP THE WAR!

[cheezcarls]

Unless if Russia is making cryptocurrencies as legal tender, mandating all Russian businesses, transport, buying goods and services to accept cryptocurrency payments from non-custodial wallets, then these new crypto sanctions to them aren’t enough and EU cannot stop it. Like when you can’t stop flu and COVID-19 that will continue to exist among us. Just my opinion.

This madman Putin is clearly out of his mind like he thinks that Ukraine is not a country. But the innocent Russians are the ones who suffer the brutal sanctions by the West as their credit cards cannot be used anymore.