After the invasion of Ukraine, Russia’s sanctions cryptocurrencies The possibility of her escaping by using it has caused global concern.
The United States and many regulatory agencies have made regulations by taking various measures so that Russia does not evade sanctions by using cryptocurrencies.
Cryptocurrency industry While we remain vigilant in this regard against Russia Global Financial Stability Board (FSB) Russia’s potential to be used to evade sanctions cryptocurrency transactions He said he was looking closely.
Speaking at the City & Financial conference in London, Patrick Armstrong, member of the FSB secretariat, said:At the FSB, we are monitoring the situation with cryptocurrencies.” said.
Armstrong added that the FSB shared the information it obtained on the subject among its members.
speaking at the same conference John Glen, British Minister of Financial Services, He said that the UK’s decisions to prevent the use of cryptocurrencies in money laundering and terrorist financing will support legislative work on cryptocurrencies.
“We think that the UK’s steps in this regard will actively support the government’s response to the Russian invasion of Ukraine.”
Decisions of the Cryptocurrency Industry Against Russia Sanctions!
After Russia’s invasion of Ukraine, countries implemented a series of economic sanctions.
In case Russia escapes these sanctions by using cryptocurrencies, some countries have asked crypto exchanges to close the accounts of all Russian citizens.
However, leading cryptocurrency exchanges such as Binance, Coinbase and Kraken did not agree to impose a comprehensive ban against all Russian citizens, as they considered it “unethical and against the principle of equality.”