Post by Augustine Chiagozie (@pabloexchange)

EU Targets 11 Crypto Platforms in First-Ever Russia Sanctions Package

The European Union has sanctioned 11 cryptocurrency platforms for the first time as part of its 21st sanctions package against Russia, agreed by EU ambassadors on July 22.

The package also targets nearly 90 Russian banks. The crypto platforms are accused of facilitating sanctions evasion, marking a significant expansion of the EU's enforcement approach beyond traditional financial institutions into digital asset infrastructure.

No names of the 11 platforms were included in the source material.

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