EU Deploys Dedicated Crypto Task Force to Block Russian Evasion

The new crypto task force will be part of a new sanctions office that will coordinate how national authorities apply the rules to avoid circumvention of these measures using digital assets, targeting crypto networks like A7, which provided a digital ruble stablecoin to skirt these restrictions. As countries like Russia increasingly use digital assets to circumvent traditional sanctions , enforcement organizations are also targeting these networks. At the EU’s tenth high-level meeting on union restrictive measures, the Commission convened to create a dedicated sanctions office to analyse how the EU applies sanctions against Russia and how the country is adapting…