, in the framework of the eighth package of sanctions, the European Union prohibited the provision of crypto services to Russian citizens. An application about this is published on the website of the European Commission.
“Existing prohibitions on crypto acts are toughened (previously allowed up to 10,000 €) due to the ban on all wallets, accounts or storage services of crypto assets regardless of the size of the wallet,” the press release says.
After the Visa and MasterCard departure from Russia and the disconnection of some banks from SWIFT, the Russians used cryptocurrency exchanges to withdraw money abroad. Cryptocurrency services from the EU may have to stop transactions with Russians if customers do not live in Europe.