EU Sanctions Entities Suspected of Using Cryptocurrency to Interfere in Elections
According to ChainCatcher, citing a report from Cointelegraph, the European Union has announced sanctions against nine individuals and six entities, accusing them of evading sanctions through cryptocurrency and spreading pro-Russian disinformation. Those sanctioned include Russian influencer Simon Boykov and his affiliated exchange, as well as the A7 OOO company, which is suspected of manipulating elections in Moldova.
Investigations revealed that the entities involved transferred funds through high-risk exchanges and cash conversion services, and used the ruble-backed stablecoin A7A5 for cross-border transactions. The EU stated that this move aims to cut off the financial channels supporting the spread of disinformation.
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