EU Ban on Russia and 14 other Countries on Crypto Transaction Networks

[Bitcoin-Forever]

EU Ban on Russia and 14 other Countries on Crypto Transaction Networks

After reading this, you will either choose to be under regulations or operate in decentralization.

It is no more new to host that Russia has been using bitcoin to evade sanctions, now they are taking it hard on Russia because it has been using this digital currency to perform transactions internationally as its decision to evade the lingering sanction upon it, EU has decided to place strict regulation to ban Russia from some of these benefits with 21 sanctions upon it cryptocurrency networks, which will affect it crypto networks in making cross-boarder transactions.

The European Union (EU) extended sanctions against Russia to include four designations related to the cross-border A7 network, including its new links to Africa.

The EU is also extending its transaction ban to 14 unnamed crypto-related service platforms based in Georgia, Panama, the United Arab Emirates (UAE), the Marshall Islands, Kyrgyzstan and Belarus.
 https://www.coindesk.com/policy/2026/07/24/eu-hits-russia-with-massive-21st-sanctions-package-targeting-usd120b-crypto-network

This is to also serve as a warning/friendly reminder to all bitcoin users who are still operating under a custodial storage to think for the second time, sanction is not a joke, centralized platform cannot escape this regulations from government and this is why it is high time to embrace the use of non custodial storage mostly, if we don't want to be stuck among those that will be affected by this sanction, especially on those that are within these regions.

Bitcoin is a true decentralization that we wanted to evade sanction and I hope in due time, Russia should also be able to adopt it as a legal tender, I have been seeing a lot of threads as well concerning Russia regulations on crypto assets in the country and how they are fully depending on bitcoin when it comes to some of their cross-border transactions they engage, could also be an avenue to see more increasing use on decentralized exchanges than  before.

Not your keys not your coins.

[BlackBoss_]

EU Ban on Russia and 14 other Countries on Crypto Transaction Networks

It is no more new to host that Russia has been using bitcoin to evade sanctions, now they are taking it hard on Russia because it has been using this digital currency to perform transactions internationally as its decision to evade the lingering sanction upon it, EU has decided to place strict regulation to ban Russia from some of these benefits with 21 sanctions upon it cryptocurrency networks, which will affect it crypto networks in making cross-boarder transactions.

They began their war against Ukraine in early 2022 but it took them almost two years to accept cryptocurrency payments legally inside (only inside) their nation.
They did it in August 2024 under increasing and escalating pressure of the USA and EU sanctions.

Russia to begin using cryptocurrencies in international trade.
Russia approves law allowing use of crypto for global payments as it faces ongoing sanctions.

Since 2022, sanctions against Russia have not decreased but it has actually increased more with this newest EU ban against Russia.

[Zlantann]

In international trade, parties must agree on the medium of exchange. Some of Russia's trading partners might not want to accept Bitcoin as a means of payment. This will force Russian authorities to use centralised platforms to exchange cryptocurrencies. Invading these sanctions would have been simple if all trading partners accepted crypto as legal tender. But many of them want dollars for trade payments.

Reagrding the sanctions, just as Russia have successful envaded sanctions placed on its oil exports through the shadow oil fleets, the country will always develop shadow financial systems to bypass these financial restrictions. Chinese cryptocurrency exchange HTX was also part of the sanctioned crypto platforms. As long as Russia remains a close ally of China, there will always be means to escape these sanctions.