Techub News Report, according to The Financial Times, the European Commission has proposed a comprehensive ban on cryptocurrency transactions with Russia to prevent Moscow from circumventing sanctions through channels outside the traditional banking system. The measure covers all Russian cryptocurrency service providers and related transfer and trading platforms, aiming to prevent Russian entities from bypassing existing sanctions through newly established platforms. The proposal also includes a total ban on digital ruble transactions supported by the Russian Central Bank and adds 20 more banks to the sanctions list.
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Techub News Report, according to The Financial Times, the European Commission has proposed a comprehensive ban on cryptocurrency transactions with Russia to prevent Moscow from circumventing sanctions through channels outside the traditional banking system. The measure covers all Russian cryptocurrency service providers and related transfer and trading platforms, aiming to prevent Russian entities from bypassing existing sanctions through newly established platforms. The proposal also includes a total ban on digital ruble transactions supported by the Russian Central Bank and adds 20 more banks to the sanctions list.