Japan’s top government officials said they may revise the foreign exchange law in order to impose sanctions after Russia’s attack on Ukraine.
According to the statement made by the authorities on March 28, Hirokazu Matsuno, Chief Cabinet Secretary, said that Russia’s Although it prevents sanctions through digital assets, the current Foreign Exchange and Foreign Trade Law will be revised. told.
Japanese Prime Minister Fumio Kishida was held in Belgium last week. After attending the G-7 summit Then he stated that it is necessary to act in coordination with “western” countries and said that the law should be changed in the parliament held on March 28.
An official in the Ministry of Finance made a statement that the proposed law amendment advancing that the items are not yet known stated that it will be clarified in due course.
Saisuke Sakai, an analyst of Japanese technology and research company Mizuho, made statements on the subject. Cryptocurrency exchanges such as banks will also be examined. and crypto exchanges will be examined whether they are linked to the Russians.
After the Russian attacks on Ukraine, the Japanese government Stopped the operations of more than 100 Russian-affiliated banks and institutions. Japan also banned the export of high-tech and He had severed his ties with Russia, which was stated to be the most common trade.
At the beginning of March, Japan’s financial regulator, operating in the country 30 cryptocurrency exchanges He warned against making asset transactions related to Russia.