European Union: Extended scope of sanctions against Russia and Belarus to include crypto assets
Description
Extended scope of sanctions against Russia and Belarus to include crypto assets
On 9 March 2022, the European Commission announced that the sanctions adopted against Russia and Belarus in response to the Russian aggression against Ukraine involve any type of “transferable securities", including crypto assets. Therefore, the res…
Scope
Policy Area
International trade
Policy Instrument
Import ban
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
executive
Government Body
central government