The European Union is increasingly cracking down on cryptocurrency and relevant services as part of its efforts to ensure that sanctions imposed on Russia are not evaded by using assets such as Bitcoin (CRYPTO: BTC) and stablecoins.
What Happened: While the sanctions imposed on Russia following its invasion of Ukraine at the end of February already required crypto exchanges to bar transactions from targeted individuals, on Friday the European Commission said that it was not enough, according to a Reuters report.
