EU plans crypto ban for Russia, FT reports

The European Commission has proposed a complete ban on any cryptocurrency transactions linked to Russia, aiming to cut off Moscow’s ways of bypassing sanctions, the Financial Times reports.
Crypto ban
Brussels has decided to abandon attempts to ban individual mirror Russian crypto companies, as this only leads to the creation of new structures.

The internal European Commission document states that the EU prohibits interacting with any crypto service provider or using any platform for transferring or exchanging crypto assets that is based in Russia.