Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Russians were banned from managing crypto companies

Economy: Russians were banned from managing crypto companies

The European Union has recently approved its twelfth package of economic and individual restrictive measures against Russia. These measures specifically target the rights of Russians to own and manage cryptocurrency companies.

The goal of these measures is to prevent any attempts to bypass the existing international sanctions imposed on Russia. According to an official statement from the European Parliament, the new measures include a prohibition for Russian citizens to "own, control, or hold any positions in the management bodies of legal entities, organizations, or bodies providing #cryptocurrency services." This prohibition also extends to cryptocurrency wallet operators and #digital asset custodial services.

Furthermore, the twelfth package of sanctions introduces a requirement for mandatory notification in case of fund transfers outside the #European Union for legal entities established in the EU but directly or indirectly controlled by Russians or entities registered in Russia, provided that they are more than 40% controlled by #Russians. These new restrictions will come into effect immediately after being published in the Official Journal of the European Parliament.

In light of these developments, ATAIX Eurasia, a licensed cryptocurrency exchange in #Kazakhstan, has urged its Russian users to close their accounts by December 15th of this year. The company cited the EU sanctions as the reason for no longer being able to provide services to Russians. The prohibition applies to both Russian citizens and residents, as well as legal entities registered in Russia.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..
Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..