EU Establishes Cryptocurrency Task Force for 12 Months to Combat Russia's Sanctions Evasion

Odaily Planet Daily News: At the 10th high-level sanctions meeting of the European Union, the European Commission decided to establish a dedicated sanctions office and form a cryptocurrency task force within it to address Russia's use of digital assets to circumvent sanctions. The task force is expected to operate for 12 months, with support from Ukraine and the United Kingdom. The sanctions office will coordinate member states in implementing sanctions measures, covering policy design, implementation, enforcement support, and anti-circumvention efforts. The task force will target relevant networks, including the A7A5 Digital Ruble stablecoin, which previously saw trading volumes exceeding $100 billion. (Bitcoin.com News)