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EU Makes Sudden Move Against Crypto ‘Threat After The Price

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The European Union (E.U.) has banned the availability of high-value cryptocurrency providers to Russia as a part of the newest sanctions salvo in response to the invasion of Ukraine.

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The transfer prohibits deposits to crypto wallets—together with utilizing common cryptocurrencies bitcoin, ethereum, BNB, XRP, cardano, solana and luna—and follows a warning from European Central Financial institution president Christine Lagarde that cryptocurrencies pose a “risk” to the bloc’s efforts to sanction Russia.

The worth of bitcoin, ethereum, BNB, XRP, cardano, solana, luna and different cryptocurrencies has soared during the last 18 months, making them more and more enticing for illicit use though they continue to be extremely unstable.

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