Russian Users Are Banned From Making Any Transaction with Cryptocurrencies in the Eurozone

The European Union is studying the possibility of banning Russian users from cryptocurrency services within its territory.

As a result, Russian citizens and companies will not be able to use the services and crypto exchanges which are registered in the eurozone.

Now, the authorities of the European Union have just approved a new sanctions package including clauses prohibiting Russians from using crypto wallets and trading platforms for transactions with digital assets.

We are talking about the cancellation of the limit of 10,000 euros, which has been in effect since April. Now Russian users will not be able to make any transaction with cryptocurrencies in the eurozone.