EU sanctions A7 cryptocurrency network and Russian banking executive exposed by The Insider

EU deploys a 21st sanction package against Russia that escalates bans on 14 crypto firms

EU banned 14 crypto platforms and the A7 network ($120B processed) used for Russia sanctions evasion, expanding the 21st sanctions package. Imposes stricter crypto-asset compliance for EU operators; introduces full third-country ban tool—critical for sanctions screening across trading infrastructure.