Global ban on transactions with the Russian Federation: Death of decentralization or another "fizzle"? 🚫
The European Commission is preparing a complete ban on cryptocurrency transactions with the Russian Federation, and this is the funniest regulatory attempt of the year.
According to Investing.com, this is meant to close loopholes in sanctions. But let's be clear: how are you going to ban P2P or decentralized wallets?
This is an attempt to put a muzzle on the ocean.
On Binance Square, they are laughing at these initiatives, but for major exchanges, this is a headache. Regulators are simply destroying the legal field, driving users into the "shadow" where no one controls anything. Instead of protection, the EU receives an uncontrolled market. This is another reminder: if you hold assets in custodial wallets, you do not own your crypto.
Geopolitics will eat your money faster than a market correction if you do not learn anonymity.
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