Regulations
By Pankaj K
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Article 5bc and the Extraterritorial Shift. The part that's getting attention from legal experts is Article 5bc of the amended Regulation…
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Africa Connections and the UK Parallel. The package also severs ties between the A7 Russian ruble network and Africa-based institutions…
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Compliance Burden Shifts to Third Countries. Turner's read is that the EU is leaning into this tool precisely because enforcement has been so…
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The EU just handed regulators a new weapon. Its 21st sanctions package against Russia, passed July 23, lets authorities block crypto platforms operating in countries that help…
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The package is dense. Four new designations hit the A7 Russian ruble network directly. On top of that, 14 crypto service platforms across Georgia, Panama, the UAE, and several…
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Nick Turner, an economic sanctions expert, sees this as a real pivot. The EU has historically pushed back against secondary sanctions, which are the kind the U.S.
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He also thinks the provision might function mainly as diplomatic leverage — at least initially. The list of non-compliant countries is currently empty.
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Unclear how fast that list fills up, or what the threshold actually is.
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More context: Austrias FMA Hits Bitpanda With €70,000 Fine in MiCAs First Enforcement Shot
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The broader goal is pretty clear: close off the routes Russia uses to fund its activities through crypto.
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That's a meaningful expansion. Earlier rounds targeted specific individuals or entities. Now entire nations can find themselves in the crosshairs if their regulatory environment…
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More context: Bitpanda Hit With Austrias First MiCA Fine — €70,000 Over White Paper Timing
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Whether the EU can actually monitor and enforce compliance across dozens of jurisdictions is a separate question. It's hard.
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The 14 platforms named in the package are spread across multiple regions, and the transaction bans are immediate.
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August 25 is the date that matters most right now — that's when the ownership and control restrictions on Russians and Belarusians in EU crypto firms kick in formally.
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