Source publication: November 8, 2026, at 17:20 (UTC+8).
EU targets Russian sanctions evasion through digital assets
The European Commission decided at the EU’s tenth high-level sanctions meeting to establish a dedicated sanctions office, with a cryptocurrency task force focused on Russian efforts to evade sanctions through digital assets, according to PANews’ November 8 roundup.
The task force was expected to operate for 12 months, with support from Ukraine and the United Kingdom. Its work would target relevant networks, including those involving A7A5, a digital ruble stablecoin.
The broader sanctions office would coordinate implementation across EU member states, covering policy design, implementation, enforcement support and efforts to counter circumvention. The report described an institutional decision to create the office and task force, rather than a new blanket restriction on cryptocurrency.
OKX warns of reviews for transfers from MEXC
Separately, OKX founder and CEO Star Xu urged users to temporarily avoid transferring funds directly from MEXC to OKX. He said funds arriving from the platform could be frozen for review and the associated accounts could face further investigation under OKX’s compliance controls.
Xu attributed the tighter controls to special measures taken by the US Treasury’s Financial Crimes Enforcement Network (FinCEN). He said OKX was applying a cautious risk-management standard similar to its approach to financial sanctions and had chosen to strengthen controls ahead of the end of FinCEN’s reported 30-day transition period.
The roundup cited earlier reporting that FinCEN had ordered MEXC Global’s access to the US financial system cut off, alleging its involvement in at least $16 billion in transactions involving sanctions evasion and other activity. OKX’s warning concerned its own handling of incoming transfers; it was not described as a universal prohibition on transfers between the platforms.