Ukraine expands sanctions to target Russian crypto

• Ukraine has expanded sanctions to include Russian crypto assets.
• The move aims to stop digital assets from helping Russia avoid sanctions.
• The new rules target people and businesses linked to Moscow's financial system.

Ukraine has expanded its sanctions against Russia by adding cryptocurrencies and other virtual assets to its restrictions.

The government said the move aims to stop Russia from using digital assets to avoid international sanctions.

The new measures target people and businesses linked to Russia's financial sector and war effort.

Officials said cryptocurrencies are now included alongside traditional financial assets covered by Ukraine's sanctions.

Many governments have tightened oversight of digital assets since Russia's invasion of Ukraine, as they work to close potential sanctions loopholes.

The latest changes show cryptocurrencies are becoming a bigger part of global financial sanctions and enforcement.