Overview
- The draft would bar EU persons from using any crypto-asset service provider established in Russia as part of the bloc’s 20th sanctions package.
- Officials cite TRM Labs’ analysis that the A7A5 stablecoin network handled about $70 billion in sanctions-related flows in 2025.
- The proposal aims to blunt rebrands of sanctioned platforms, with Garantex reported to have resurfaced as Grinex.
- Several member states have voiced concerns, according to diplomatic reporting, creating uncertainty over timing and enforcement.
- The package also targets third‑country facilitation with planned outreach to Kyrgyzstan and potential export limits, while Russia advances a Bank of Russia‑registered mining fund from broker Finam.