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INTERNATIONAL > Ukraine Crisis

GOJ urges crypto exchanges to heed sanctions against Russia

  • March 15, 2022
  • , Nikkei
  • JMH Summary

Nikkei reported that the Financial Services Agency and the Ministry of Finance requested on Monday that crypto exchanges not process transactions involving crypto assets subject to asset-freeze sanctions against Russia. The paper said the move is in line with the measures taken by the United States and European nations and aimed at preventing Russian entities from using cryptocurrencies as a loophole to elude economic and financial sanctions imposed on Russia for its invasion of Ukraine.

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