Russia Warning to Cryptocurrency Exchanges from Japan!

G7 countries in the past days to avoid the economic sanctions imposed by Russia. cryptocurrencies He stated that they were worried about their use.

The G7 stated that they will ensure that Russia does not use cryptocurrencies as a tool to evade sanctions.

Japan Warns Cryptocurrency Exchanges!

after G7 Japan also warned cryptocurrency exchanges to comply with the sanctions imposed on Russia.

Japan Ministry of Finance and Financial Services Agency In a joint statement, they said that those who violated the sanctions imposed on Russia did not comply. to cryptocurrency exchanges They said they would be punished.

Relevant institutions also act in violation of the sanctions. cryptocurrency He also said that they are working to tighten the measures against transfers.

Exchanges that carry out crypto money transfers by not complying with the sanctions Up to three years in prison or a fine of 1 million yen ($8,487.52) can be punished with

With this statement, cryptocurrency exchanges will be required to report suspicious transfers to the FSA when they detect suspicious transfers that violate sanctions.

As will be remembered Coinbase, Kraken, and Binance leading cryptocurrency exchanges such as the Ukrainian authorities had responded negatively to the request of the Ukrainian authorities to freeze the accounts of all Russian citizens.

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