Recital 17

(17) In February 2025, the Russian crypto-exchange Garantex was listed in Regulation (EU) No 269/2014 for providing access for other listed entities to the global financial system. Evidence from civil society investigations shows that those activities of Garantex have been transferred to other entities established in Russia, in order to bypass Union restrictive measures. Any further listing of individual crypto-asset service providers or of decentralised platforms allowing the exchange or transfer of crypto-assets is therefore likely to result in the setting-up of new ones to circumvent those listings. In order to ensure that Union restrictive measures achieve their intended effects, Decision (CFSP) 2026/508 prohibits engaging with any crypto-asset service provider that is established in Russia, and making use of any platform that is established in Russia, which facilitates the transfer and exchange of crypto-assets.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.