The EU has strengthened its anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations to include a new power: banning cryptocurrency transactions with entire nations. This move is part of efforts to enforce economic sanctions on Russia.
Source
"EU Imposes Harsh Crypto Sanctions on Russia" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
The enhanced AML/CFT rules have already led to the targeting of 11 crypto platforms, which are now subject to EU's increased scrutiny.