Australia Targets Russian Crypto Industry with New Sanctions

Australia has taken a bold step in imposing sanctions on several Russian crypto firms, marking a significant development in the region's response to the ongoing crisis between Russia and Western nations.

The move comes amidst the European Union's struggles to reach an agreement on its proposed package of sanctions against Russia. Despite the EU's efforts, its package remains stalled due to disagreements among member states.

Australia's action is seen as a separate measure aimed at targeting Russia's crypto industry, which has been a key area of focus for regulators in recent months.