{"id":90934,"date":"2025-11-12T16:05:04","date_gmt":"2025-11-12T13:05:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90934"},"modified":"2025-12-04T06:50:32","modified_gmt":"2025-12-04T03:50:32","slug":"the-eu-brings-down-the-banhammer-on-russian-crypto-users","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/the-eu-brings-down-the-banhammer-on-russian-crypto-users\/","title":{"rendered":"How EU Crypto Sanctions Are Hitting Ordinary Russians"},"content":{"rendered":"

At the end of October, Russia\u2019s crypto community was reminded that the European Union intends to crack down on sanctions evasion via digital currencies. As so often, the restrictions hit ordinary users first.<\/p>\n

After the EU\u2019s 19th sanctions package, platforms such as Revolut and Bybit EU began cutting off customers from Russia. We examine how strict and unambiguous the document\u2019s wording is, and how the current world order is bearing on the digital-asset industry.<\/p>\n

The substance and interpretation of the bans<\/strong><\/h2>\n

Announcing the latest package, European Commission president Ursula von der Leyen said<\/a> it was \u201caimed at the financial loopholes that Russia uses to evade restrictions.\u201d For the first time, the curbs were extended to crypto platforms.<\/p>\n

The official document was published<\/a> on October 23. Beyond import and personal sanctions, its provisions prohibit EU-licensed venues from providing services to residents of the Russian Federation.<\/p>\n

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Source: text of the EU\u2019s 19th sanctions package against Russia.<\/figcaption><\/figure>\n
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\u201cIt is prohibited to provide, directly or indirectly, [crypto-asset-related services] to citizens of the Russian Federation or natural persons residing in Russia, as well as legal persons, entities or bodies established in the country,\u201d paragraph 5b(2) states.<\/p>\n<\/blockquote>\n

Prohibited services include:<\/p>\n