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Eric Trump is betting big on the fourth quarter. He says if the Federal Reserve cuts rates like everyone’s expecting, crypto stocks are going to rip higher… fast. “I just think you would potentially see this thing skyrocket,” Eric told Yahoo Finance, pointing to the usual year-end momentum in crypto. He says this moment matters […]

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The post EU Sanctions Seek to Block Russian Crypto Platforms For First Time appeared on BitcoinEthereumNews.com. The European Union will include cryptocurrency platforms in its latest financial sanctions against Russia, marking the first time digital asset services have been directly targeted. The measures, part of the bloc’s 19th sanctions package, prohibit all cryptocurrency transactions for Russian residents and restrict dealings with foreign banks tied to Russia’s alternative payment systems, according to a statement by European Commission President Ursula von der Leyen published Friday. The package also seeks to block transactions with entities operating in Russian special economic zones. “As evasion tactics grow more sophisticated, our sanctions will adapt to stay ahead,” von der Leyen said. “Therefore, for the first time, our restrictive measures will hit crypto platforms. and prohibit transactions in cryptocurrencies.” She added, “We are listing foreign banks connected to Russian alternative payment service systems. And we are restricting transactions with entities in special economic zones.” EU’s 19th sanctions package statement. Source: ec.europe.eu The sanctions are not yet final and require approval from all 27 EU member states. Related: Privacy is ‘constant battle’ between blockchain stakeholders and state Von der Leyen said the measures respond to Russia’s “largest-scale drone and missile attacks against Ukraine,” which have also seen Shahed drones violate EU airspace in Poland and Romania. Russian oil companies have reportedly used digital assets to circumvent sanctions, conducting tens of millions of dollars worth of monthly transactions using Bitcoin (BTC) and Tether’s USDt (USDT), Reuters reported in March, citing four sources with direct knowledge of the matter. In July, the US Department of Justice charged Iurii Gugnin, also known as George Goognin and Iurii Mashukov, a Russian national residing in New York, with 22 criminal counts, including the laundering of over $540 million through his crypto companies, Evita Investments and Evita Pay, while facilitating transactions for sanctioned Russian entities. Related: Swiss banks complete first…