Financial Stability

Authorities get serious over using cryptocurrencies to evade sanctions

By Adam Sanitt; and Emma Houldsworth, Harriet Jones-Fenleigh, Katie McDougall
BRR fallback image

The EU has introduced specific measures to target cryptocurrency held by Russian nationals and companies. Any person required to comply with EU sanctions law is prohibited from providing crypto asset wallet, account or custody services to Russian nationals or persons residing in Russia, or entities established in Russia, if the ...

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