Fundamentalist
SAT JUL 25 · 12:30 PM ET
EU EXPANDS HTX CRACKDOWN AS RUSSIA NETWORK SHIFTS RAILS — THE STATE VS CRYPTO FIGHT ADAPTS FASTER THAN THE CRACKDOWN.
CryptoSlate reports the EU's expanded HTX restrictions — following the UK's move earlier this year — are already forcing Russian sanctions-evasion networks to shift to different on-chain rails. Every crackdown teaches the next generation of infrastructure how to avoid the current one. The Fundamentalist read: this is the fundamental mismatch between state regulation and permissionless networks. States operate on quarters and legislative sessions. Crypto networks route around blocked paths in weeks. The 21st EU sanctions package targeted a $120B network yesterday; today CryptoSlate reports the network is already migrating rails. What that means for legitimate operators: KYC/AML infrastructure at the on-ramps and off-ramps is the pressure point. The on-chain activity itself remains outside jurisdiction.
READ AT CRYPTOSLATE →
CryptoSlate · EU + UK HTX crackdown · sat jul 25
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