Regulation
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Russians may be banned from making any payments and transfers to EU cryptocurrency wallets after the introduction of referendum restrictions.
The European Union is set to tighten restrictions on crypto investments by Russians as it seeks to respond to the “fictitious” independence vote being held in the Donetsk and Lugansk People’s Republics, as well as in the Kherson and Zaporozhye regions.
This was reported CoinDesk a person informed about the package of sanctions. This potentially means that Russians will not be able to store any assets in European Union cryptocurrency wallets.
In April, the EU announced it would limit Russian payments to European crypto wallets to €10,000 as it sought to stop the use of digital assets to circumvent restrictions on large bank transfers. The new measures mean that figure could now be reduced to zero.
“The bogus referendums organized in the territories occupied by Russia are an illegal attempt to seize land and change international borders by force,” European Commission President Ursula von der Leyen told reporters on Wednesday after voting over the past five days in Donetsk, Luhansk, Kherson and Zaporozhye regions.
Von der Leyen announced a cap on Russian oil prices, a ban on the export of aviation goods and electronic components, and restrictions on the import of Russian goods, which she said would deprive the country of seven billion euros.
Full information about the package has not yet been published, as it is still subject to agreement with the EU member states.
Author: Anton Zaitsev, analyst Freedman Сlub Crypto News
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