On Monday Japan’s Financial Services Agency (FSA) together with the Ministry of Finance ordered…

The post Japan’s FSA orders crypto exchanges to adhere to the imposed sanctions appeared first on Coin Journal.

Biden announced plans among the US, European Union and G7 nations to remove Russia's trade status, deepening the economic burden on the country

The post Market Wrap: Stocks, Cryptos Fall as US Looks For New Ways to Punish Putin appeared first on Blockworks.

Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.

President Joe Biden on Wednesday urged the federal government to research and develop a digital dollar in an executive order describing broader directives for a coordinated and comprehensive U.S. approach to digital assets. See related article: CBDC tracker shows U.S. falling further behind Fast facts “My Administration places the highest urgency on research and development […]

Since Russia began its invasion of Ukraine, some politicians have raised concerns that cryptocurrency could be used to circumvent sanctions placed by Western nations. The CEOs of two leading cryptocurrency exchanges have shared their thoughts on whether crypto can be an effective tool to circumvent sanctions. Earlier, the European Central Bank president had asked regulators […]

The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine, governments worldwide have raised concerns that cryptocurrency could be used […]

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of […]