# EU bans Belarusians from owning crypto service providers Starting August 25, Belarusians cannot manage crypto firms. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-07-24 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/90408cd9-15fc-4203-8c52-4d7d379507e8 ## EU's New Decision The European Union has banned Belarusian citizens and residents from owning, controlling, or managing crypto exchanges and other MiCA-regulated firms. This decision will take effect from August 25, 2024. ## Scope of Sanctions The new regulation aims to completely block Belarusian individuals from the crypto sector. This is seen as part of the EU's economic sanctions against Belarus. ## MiCA's Role The EU's Markets in Crypto-Assets (MiCA) regulation forms the basis of this ban. MiCA aims to increase transparency and oversight in the crypto sector. ## Belarus's Response It is not yet clear how the Belarusian government will respond to this ban. However, the country's influence in the crypto sector is expected to decline. ## Global Implications This decision is interpreted as a sign that global regulations in the crypto sector may increase. Other countries may take similar steps. ## Future of the Sector The EU's move indicates that stricter regulations are coming to the crypto sector. The compliance process will be crucial for investors and companies. ## Sources covering this story - https://cointelegraph.com/news/eu-belarus-crypto-ownership-ban-mica?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._