US Congress proposed to ban exchanges from facilitating crypto transactions by Russians
If the bill is approved, the US Treasury Department will impose new restrictions on citizens of the Russian Federation
02.05.2022 - 09:30
260
1 min
0
What’s new? US Congressman Brad Sherman’s website has published a bill that is designed to ban access to cryptocurrencies for Russians. In addition, the authorities plan to collect the data of US taxpayers who conduct cryptocurrency transactions of more than $10 000.
The full version of the document
What innovations can be introduced? The bill includes information on banning US and foreign cryptocurrency exchanges from facilitating transactions with cryptocurrency addresses in Russia. In addition, the US president’s authority can be expanded by allowing restrictions to be imposed on foreign platforms that facilitate transactions by Russian entities and sanctioned individuals.
What happened before? On April 29, the Blockchain Association, a lobbying group representing more than 70 cryptocurrency platforms, opposed crypto sanctions against Russians. Policy chief Jake Chervinsky said that the US authorities’ bills were not aimed against Russian oligarchs, but US cryptocurrency companies.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 453
BTC
+0.84%
-
Ethereum
$3 501.18
ETH
+4.06%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.49
XRP
+6.35%
-
Dogecoin
$0.429421
DOGE
+2.23%
-
Cardano
$1.06
ADA
+2.14%
-
Stellar XLM
$0.526947
XLM
-5.7%
-
Polkadot
$9.01
DOT
+4.83%
-
Bitcoin Cash
$526.13
BCH
+5.07%
-
Litecoin
$98.67
LTC
+0.96%