EU sanctions on cryptocurrency transactions may become ineffective because of the sheer volume of transactions with Russian users.
As risks become diluted on a large scale, foreign platforms will be forced either to loosen controls or accept that activity will shift to P2P platforms, DEXs, and stablecoins.
The statement came amid new EU sanctions banning local companies from providing wallet, gateway, and API services to Russian legal entities and sanctioned entities. Meanwhile, the Nasdaq is already down 8% from its all-time high.
As risks become diluted on a large scale, foreign platforms will be forced either to loosen controls or accept that activity will shift to P2P platforms, DEXs, and stablecoins.
The statement came amid new EU sanctions banning local companies from providing wallet, gateway, and API services to Russian legal entities and sanctioned entities. Meanwhile, the Nasdaq is already down 8% from its all-time high.