U.S. Intensifies Sanctions on Russian Crypto Entities

The United States is taking strong action against Russia’s cryptocurrency industry, with new sanctions set to impact major players and significantly disrupt financial markets. The U.S. Treasury Department announced a heightened enforcement effort targeting Russian crypto entities, banks, and networks within the next 24 hours. This move aims to limit evasion efforts by Russian authorities in the wake of the ongoing conflict, particularly concerning Bitcoin and Ethereum, and potentially affect DeFi protocols with ties to Russia.