The EU just unleashed its 21st wave of sanctions against Russia — and this time, it’s hitting crypto hard. New restrictions target key payment networks, including African-linked routes and a stablecoin used to skirt past bans. The bloc is also expanding its crypto blacklist to 14 platforms across Georgia, the UAE, and Panama, while introducing a potential “kill switch” for Russian crypto services. Officials say these moves will cripple over 100 banks and crypto operators — plus vessels and oil refineries — in a bid to strangle Russia’s financial lifelines. Meanwhile, Russia just passed its own crypto regulations — setting up a high-stakes global chess match. The EU’s broader financial isolation continues, freezing assets and banning 94 major banks, plus 33 more financial entities — all in a relentless effort to cut Russia off at the knees.
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