The European Union has confirmed a blanket ban on supplying crypto services to Russians, as it increases sanctions in the aftermath of “Sham” secession referendum in four Ukrainian regions. CoinDesk broke the story first last week. Following Russia’s invasion of Ukraine in February, the EU imposed an eighth round of economic and political sanctions, reinforcing a prior restriction that limited crypto payments to European wallets to 10,000 euros ($9,900). “The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet,” the European Commission said in a statement on Thursday, after EU countries approved suggestions, it presented last week.
