#MarketRebound
🚨📣 : The European Union (EU) has included cryptocurrency flows in its 19th package of sanctions against Russia, targeting A7A5, a Russian ruble-pegged stablecoin issued under Kyrgyzstan regulations. The sanctions aim to disrupt the Russian government's funding of its war campaign against Ukraine. The EU highlighted the growing use of cryptocurrencies to circumvent sanctions and prohibited transactions involving A7A5, affecting their developers and trading platforms. This marks the EU's first acknowledgment of the role of cryptocurrencies in circumventing traditional financial sanctions.
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