Crypto money donation campaign launched in Ukraine after Russia’s invasion of Ukraine to cryptocurrencies it changed the perspective.
to escape the economic sanctions imposed by Russia. cryptocurrency Many names in the crypto industry think that Russia cannot escape sanctions by using cryptocurrencies.
The last name to speak on this subject David Schwimmer, Chairman of the London Stock Exchange (LSEG) it happened.
Cryptocurrency Exchanges are at the Crossroads!
According to the news of Reuters, David Schwimmer attended a conference on the subject of sanctions against Russia, which is trying to harmonize with cryptocurrencies and the global financial system. cryptocurrency exchanges He said it was a fork in the road.
“If the crypto industry is seen as a bad actor in terms of imposing or avoiding sanctions in terms of what is going on in Russia, I think the Russia issue will have a long-term impact on the crypto industry.”
Schwimmer says cryptocurrency exchanges stay in Russia to the crypto industry He added that they take the risk of causing long-term harm.
Russian Sanctions And Cryptocurrency Exchanges!
The world’s leading cryptocurrency exchanges, Unlike global payment companies like Visa and Mastercard announced that they do not find it right to impose sanctions on all Russian citizens and that they will not close the accounts of all Russians.
This attitude of cryptocurrency exchanges has led to concerns among senior officials and US lawmakers that Russia will evade the imposed sanctions by using cryptocurrencies.
Stating that a lot of work has fallen on the sanctions imposed on Russia on crypto exchanges, LSEG Chairman David Schwimmer said, “Crypto exchanges face the choice of adopting a regulation-free ideology or responding to the need for transparent regulation.” said.