Blanket crypto ban targets Russia rails but one chokepoint decides whether flows die or just relocate offshore
The European Commission’s twentieth sanctions bundle proposes a complete ban on all cryptocurrency transactions involving Russia, an escalation from concentrating on particular dangerous actors to making an attempt to sanitize the rails themselves. The query is whether the EU can increase the price of evasion sufficiently by controlling chokepoints: regulated exchanges, stablecoin issuers, and third-country…
