Russian oil companies have increasingly relied on digital assets and crypto platforms to circumvent financial sanctions, according to the European Commission. The European Union adopted its 19th sanctions package against Russia, introducing restrictions on cryptocurrency platforms for the first time since the war in Ukraine began. The measures, adopted on Thursday, prohibit Russia-based crypto payment providers and the distribution of related payment software across the bloc. The sanctions also target Russian energy firms, banks, and entities in China, Kyrgyzstan, Tajikistan, Hong Kong and the United Arab Emirates, accused of helping Moscow evade previous restrictions. “We have just adopted our 19th package of sanctions,” said Kaja Kallas, the EU’s high representative for foreign affairs and security policy. “It targets Russian energy, banks, crypto exchanges, and entities in China, among others. The EU is also regulating the movements of Russian diplomats to counter attempts at destabilisation.” Read more
WazirX’s phased comeback begins Friday, offering 30 days of zero-fee trading as the exchange rebuilds liquidity and trust after a long hiatus. India-based crypto trading platform WazirX will restart its exchange on Friday, following a long hiatus caused by a $234 million hacking incident. WazirX CEO Nischal Shetty said in a Thursday announcement that the company will relaunch trading on Friday, offering zero trading fees for at least 30 days as part of a phased reboot. “We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can,” Shetty wrote on X, adding that they will do what it takes to help users become successful. Read more
Young Australians feel they could have made a bigger dent in their property goals if they had invested in cryptocurrency 10 years ago, and now they’re locked out. Over 40% of Australian Gen Z and Millennials say they regret not investing in cryptocurrency a decade ago, with a new survey from Australian crypto broker Swyftx suggesting they see it as one of the biggest missed opportunities of the last 10 years. The study, conducted by YouGov and released on Thursday, surveyed 3,009 people, finding that almost half of the under-35s surveyed regret missing the crypto boat. This was followed by regret not buying property, and not buying shares in Big Tech companies such as Apple and Amazon. Read more