CROWDFUNDINSIDER · 2026-11-09 06:29 UTC

European Union Introduces Task Force to Counter Cryptocurrency based Sanctions Evasion by Russia

The EU has set up a Crypto Sanctions Task Force, announced by Commissioner Maria Luís Albuquerque on November 6, 2026, to detect and disrupt Russian attempts to bypass sanctions using digital assets. The task force is planned to run for about 12 months and will draw on expertise from Ukraine and the United Kingdom, which have previously acted against Russian digital asset networks. It builds on earlier EU packages that banned Russian crypto service providers, restricted state-linked digital instruments, and allowed bans on crypto services from third countries deemed circumvention risks.

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