The EU has granted regulators the authority to ban entire countries from digital asset markets and proposed banning transactions with 11 crypto platforms as part of sanctions against Russia. In response, Russia introduced new fees on USDT and USDC stablecoin transactions. Additionally, the EU set a deadline of July 1, 2026, for the expiration of temporary operating permissions for crypto companies without a full MiCA license.
New regulations will prohibit privacy-focused digital assets and impose limits on anonymous transactions to combat financial crimes.
Read the full storyThe transitional period for unlicensed crypto firms in the EU expires on July 1, 2026, potentially cutting off services for millions of retail users.
European regulators gain powers to block entire nations from digital asset markets, sparking immediate Russian retaliatory fees on USDT and USDC transactions.