The EU is cracking down hard on crypto, especially targeting Belarus—with new rules kicking in August 25th that ban Belarusians from owning or running crypto services inside the bloc. This move, part of a broader crackdown on alleged support for Russia’s war in Ukraine, expands on earlier restrictions to cover all MiCA-regulated crypto services, including trading platforms and investment advice. Timing is key: it follows the end of MiCA’s transition period and comes alongside new sanctions against 14 global crypto platforms, echoing similar UK actions. As global regulators tighten the screws, the crypto world braces for a future focused on compliance and blocking illicit finance.
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