New Russia sanctions include crypto wallets targeted by EU
The European Union has targeted crypto wallets, banks, currencies, and trusts in its fifth package of sanctions on Russia. This move will allow EU to close potential loopholes that could allow Russians to move money abroad. Crypto wallets allow individuals to keep the password that gives them access to send, receive and spend crypto.
Crypto prices today: Bitcoin falls 1.2%, ETH down 2.2%
Bitcoin is currently trading at $42,248.4, a 1.18% decline over the previous day. Ethereum is down 2.23% over the last 24 hours to $3,176.1. Solana fell 1.7% to $110.3, while Cardano is trading lower by 2.5% at $1.02. Avalanche (AVAX) fell 4.85% to $79.80. The global crypto market cap stands at $1.94 trillion, a 1.94% decline over the previous day.
MobiKwik withdraws e-wallet services from crypto exchanges
MobiKwik has disabled its e-wallet services from all major crypto exchanges in India from April 1, according to senior executives from several crypto exchanges. The MobiKwik option continues to appear on some crypto apps, but the services are not functioning. Coinbase has also stopped payment services through United Payments Interface (UPI) on its platform for Indian users just three days after its launch in the country.
The withdrawal follows a statement published by the National Payments Corporation of India (NPCI), which operates UPI. On April 7, NPCI said they were not aware of any virtual digital asset exchange using UPI for transactions.
Binance gets approval to operate as crypto broker in Abu Dhabi
Binance has received provisional approval to operate as a broker-dealer in virtual assets in Abu Dhabi. The company will be able to offer its services regarding virtual asset offerings to customers across the Middle East and North Africa (MENA) region through its subsidiary Binance (AD) Limited.