EU bans Belarusians from owning or managing crypto firms under MiCA
The European Union has expanded its sanctions on Belarus to prohibit Belarusian nationals and residents from owning, controlling, or managing any crypto service providers regulated under MiCA, effective August.
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The European Union has expanded its sanctions against Belarus to include a ban on Belarusian nationals and residents from owning, controlling, or managing any crypto service providers regulated under the Markets in Crypto-Assets (MiCA) framework. The new restrictions, effective from August 25, target exchanges and other crypto firms operating within the EU. This move is part of broader EU sanctions aimed at increasing pressure on Belarus. The ban could reduce liquidity and risk appetite in the crypto market, potentially increasing volatility for traders dealing with affected entities.
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