US Treasury warned crypto exchanges against helping Russia evade sanctions
Deputy US Treasury Secretary has stated that the authorities will figure out all the platforms that help individuals on the sanctions lists
30.03.2022 - 14:25
239
1 min
0
What’s new? The United States will hold accountable for any cryptocurrency company that tries to help Russia bypass sanctions. This was stated by Deputy US Treasury Secretary Wally Adeyemo in an interview with CNBC. According to him, so far Russia has not been able to circumvent economic restrictions but is trying to do so. Adeyemo believes that the country will use all possible means to do this.
What does Adeyemo say? He recalled the international group, REPO (Russian Elites, Proxies, and Oligarchs), created to coordinate efforts to control individuals on sanctions lists. The official added:
“What we want to make very clear to crypto exchanges, to financial institutions, to individuals, to anyone who may be in a position to help Russia take advantage and evade our sanctions: We will hold you accountable.”
What had happened before? In early March, the European Union (EU) imposed sanctions that affected the cryptocurrency industry. The EU is concerned that Russia may use digital assets to circumvent sanctions. ECB chief Christine Lagarde noted that measures should be taken to prevent this.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024