Will Russian cryptocurrencies be banned in Europe?

EU’s Russian Crypto Ban Confirmed as Bloc Tightens Sanctions All crypto payments from Russians to European wallet providers will be forbidden. All crypto payments from Russians to European wallet providers will be forbidden. Crypto Prices

Should Russia ban crypto-related activities?

By offering an outlet for people to take their money out of the national economy, they risk undermining it and making the regulator's job of maintaining optimal monetary policies harder, the report said. The bank, therefore, said Russia needs new laws and regulations to effectively ban crypto-related activities.

Could cryptocurrency be used to undermine sanctions aimed at Russian banks?

Liz Truss, UK foreign secretary, said on Monday that Britain was looking at cryptocurrency as a route that could be used to undermine sanctions aimed at Russian banks and global payments.

Is the Russian government bringing crypto assets 'out of the shadows'?

"The Russian government...appears to have taken the position that crypto assets are here to stay and is contemplating legislation with the aim of bringing the industry 'out of the shadows' and creating an opportunity for legal business," said David Henderson, senior associate at Browne Jacobson.