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EU Weighs Full Ban on Russia-Linked Crypto Transactions to Close Sanctions Loopholes

The European Union is considering a comprehensive ban on cryptocurrency transactions tied to Russia as part of its Ukraine sanctions framework, the Financial Times reported. The proposed measure targets sanctioned entities that have exploited loopholes in existing rules to move funds via digital assets. It aims to close remaining channels for transferring money through crypto under the broader Ukraine-related sanctions regime.
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