Lagarde warns crypto firms against sanctions busting

Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming “accomplices” in that crime, ECB President Christine Lagarde said on Tuesday. “We have taken steps to clearly signal to all those who are exchanging, transacting, offering services in relation to crypto assets that they are being accomplices to circumvent sanctions,” Lagarde said at an online event.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the Europe.Table? Log in now

Related

    Gas levy: heavy burden for industry
    Norway unable to further expand gas supplies to Germany
    After Taiwan visit: sanctions against EU minister
    France: new draft law for the expansion of renewables