EU bans Russian crypto payments in response to latest aggression

						Array
(
    [classic-editor-remember] => Array
        (
            [0] => classic-editor
        )

    [_edit_lock] => Array
        (
            [0] => 1664538253:19
        )

    [_edit_last] => Array
        (
            [0] => 19
        )

    [_thumbnail_id] => Array
        (
            [0] => 16608
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_prlipro-post-options] => Array
        (
            [0] => a:3:{s:14:"requested_slug";s:0:"";s:19:"hide_social_buttons";b:0;s:20:"disable_replacements";b:0;}
        )

    [_bsf_post_type] => Array
        (
            [0] => 0
        )

    [_bsf_item_review_type] => Array
        (
            [0] => none
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => Russia
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => The European Union has suspended all crypto payments from Russian citizens and prohibited EU crypto wallets to offer services to Russian citizens.
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 64
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_introduction] => Array
        (
            [0] => The European Union has suspended all crypto payments from Russian citizens and prohibited EU crypto wallets to offer services to Russian citizens. 
        )

    [_post_introduction] => Array
        (
            [0] => field_5e8bb40d3036a
        )

    [time_to_read] => Array
        (
            [0] => 2 mins read
        )

    [_time_to_read] => Array
        (
            [0] => field_5ea04c4ba2fca
        )

    [in_summary] => Array
        (
            [0] => 
        )

    [_in_summary] => Array
        (
            [0] => field_62542d4010cad
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 7
        )

    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

)

Updated September 30, 2022 | Published September 30, 2022

2 mins read

The European Union has suspended all crypto payments from Russian citizens and prohibited EU crypto wallets to offer services to Russian citizens.

The European Union (EU) has responded to a series of “sham” referenda in the occupied parts of Ukraine in which Russian-held territories allegedly voted with overwhelming support to join the Russian Federation.

As a result, the EU is targeting cryptocurrencies as a part of eight packages of sanctions against Russia.

Moving forward, Russian cryptocurrency owners won’t be able to hold any digital assets in EU crypto wallets.

This follows up on a previous measure in April, and before MiCA, when the EU agreed that Russian citizens will be allowed to hold up to EUR10,000 in digital wallets, anticipating that refugees from the country may need these funds to escape.

The latest developments, have made the block more determined to respond.

The sham referenda organized in the territories that Russia occupied are an illegal attempt to grab land and to change international borders by force”, European Commission President Ursula von der Leyen said on Wednesday.

Von der Leyen added that Russian oil will remain capped and that the aviation industry will not be supplied.

The same will apply to electronic components. Member states will also be prohibited from importing Russian goods.

The package is still being worked on, but the EU could possibly strengthen the language, given the developments of the past few days.

The Nord Stream 1 & 2 pipelines were damaged in what appeared to be an act of sabotage, with gas leaking into the Baltic Sea.

This, the EU has said, will not go unreciprocated. In the meantime, you can put the political turmoil aside and focus on enjoying cryptocurrencies as they are.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: France toughens crypto stance, SEC goes after Coinbase
The Ledger: Crypto criminals face pressure, new regulation rolls in

Similar News

crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1684
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 8306
            [name] => Hong Kong Monetary Authority
            [slug] => hong-kong-monetary-authority
            [term_group] => 0
            [term_taxonomy_id] => 8306
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 7466
            [name] => Hong Kong Securities and Futures Commission
            [slug] => hong-kong-securities-and-futures-commission
            [term_group] => 0
            [term_taxonomy_id] => 7466
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1026
            [name] => regulation
            [slug] => regulation
            [term_group] => 0
            [term_taxonomy_id] => 1026
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 668
            [filter] => raw
        )

)

HK regulators court crypto execs ahead of launching digital...

28/03/2023|17:30

Hong Kong regulators are meeting with crypto bankers to help establish financing for the sector as the city plans to...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 181
            [name] => Blockchain
            [slug] => blockchain
            [term_group] => 0
            [term_taxonomy_id] => 181
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 890
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1684
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8305
            [name] => KDDI Corporation
            [slug] => kddi-corporation
            [term_group] => 0
            [term_taxonomy_id] => 8305
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 5226
            [name] => metaverse
            [slug] => metaverse
            [term_group] => 0
            [term_taxonomy_id] => 5226
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 85
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 7346
            [name] => Oasys
            [slug] => oasys
            [term_group] => 0
            [term_taxonomy_id] => 7346
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8072
            [name] => Softbank
            [slug] => softbank
            [term_group] => 0
            [term_taxonomy_id] => 8072
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [6] => WP_Term Object
        (
            [term_id] => 5754
            [name] => Square Enix
            [slug] => square-enix
            [term_group] => 0
            [term_taxonomy_id] => 5754
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

)

Japanese telecoms firm joins Oasys

28/03/2023|17:00

Japanese telecom operator KDDI Corporation has joined the proof-of-chain public gaming blockchain Oasys. By joining the blockchain, the firm hopes...
crypto casinos 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 2679
            [name] => crypto casinos
            [slug] => crypto-casinos
            [term_group] => 0
            [term_taxonomy_id] => 2679
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 17
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 8163
            [name] => Matt Duea
            [slug] => matt-duea
            [term_group] => 0
            [term_taxonomy_id] => 8163
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5246
            [name] => NFT
            [slug] => nft
            [term_group] => 0
            [term_taxonomy_id] => 5246
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 268
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1050
            [name] => roobet
            [slug] => roobet
            [term_group] => 0
            [term_taxonomy_id] => 1050
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 6
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 5219
            [name] => Snoop Dogg
            [slug] => snoop-dogg
            [term_group] => 0
            [term_taxonomy_id] => 5219
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 6
            [filter] => raw
        )

)

Roobet and Snoop Dogg present new game

28/03/2023|16:30

Weeks after Roobet appointed Snoop Dogg as its chief ganjaroo officer, the company has revealed the first game that has...