After the invasion of Ukraine, many economic sanctions were imposed on Russia by the USA and the European Union.
With the latest sanctions package of the European Union, all cross-border transactions from Russia to the EU cryptocurrency payments are completely prohibited.
EU was previously crypto- tried to put limits on the value of cryptocurrency transactions made in their wallets. However, seeing this as insufficient, the EU went one step further and imposed a general ban in early October.
According to the news of Russia’s local news agency Ivestia, Herman Negliad, vice-president of Russia’s financial monitoring agency Rosfinmonitoring, crypto- He described his sanctions as digital fascism.
Herman Negliad, who said at a panel he attended that Russia would bypass the EU’s crypto-related sanctions, stated that the government would help businesses.
“The Russian government is ready to help the merchants. It will help them with cryptocurrencies, digital rubles.”
Head of the Financial Markets Committee of the State Duma, other than Herman Negliad Anatoly Aksakov He also criticized the sanctions.
“Blockchain technology is difficult for governments to control. It is difficult to determine the origin of participants in a blockchain network. And many users will be able to circumvent the sanctions.”
Rosfinmonitoring is an anti-money laundering regulatory agency founded by Russian President Vladimir Putin.
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