The European Union has announced a ban on Belarusian nationals and residents from owning, controlling, or managing exchanges and other crypto service providers regulated under the Markets in Crypto-Assets (MiCA) framework.
According to reporting from CoinTelegraph, this ban will come into effect on August 25. The move is part of the EU's broader regulatory efforts aimed at crypto service providers.
The prohibition applies to all MiCA-regulated crypto firms, effectively limiting the involvement of Belarusian individuals and entities in the EU's crypto sector.