The European Union prepares new sanctions targeting Russian crypto exchanges and energy firms, while South Korea plans to allow stablecoin issuance backed by the won, alongside notable moves from crypto firms.
The European Union is preparing its 19th round of sanctions against Russia, potentially affecting Russian cryptocurrency exchanges and energy firms. South Korea plans to regulate joint stablecoin issuance by banks and non-banks, under the Financial Stability Council’s oversight. In the crypto sector, Sui-based Nemo Protocol suffered a $2.4 million hack, Binance Alpha will list Linea on September 10, and OKX will delist six USDT perpetual contracts. Meanwhile, Metaplanet added 136 BTC, and Capital B raised €5 million for Bitcoin reserves.