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 […]

Using Crypto Tech to Promote Sanctions ComplianceBy Paul Grewal, Chief Legal OfficerCoinbase is committed to building a safe and responsible financial system that promotes...

Contrary to the warnings of Senator Elizabeth Warren, crypto is actually a bad tool for hiding money and skirting sanctions.

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 […]

Russia, sanctions, crypto– yes, three words that have this week informed one of the…

The post Coinbase CEO says Russian oligarchs won’t use crypto to evade sanctions appeared first on Coin Journal.

As regulators and politicians aim to prevent cryptocurrency usage by sanctioned individuals, Bitcoin alternatives display a lack of resistance.

Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of sanctions against Russia Lawmakers and officials in the European Union and the United States, have expressed growing concern that Russia may use cryptocurrencies to circumvent […]

The Binance exchange finds itself playing intermediary as the war between Russia and Ukraine continues to rage.

The post Binance boss CZ sticks up for everyday Russians, saying a blanket ban is unethical appeared first on CryptoSlate.

EU takes measures to prevent Russia from evading sanctions with crypto according to France’s Finance minister Bruno le Maire so let’s find out more today in our latest crypto news today. The European Union will crackdown on Russia’s ability to evade economic sanctions using crypto as per France’s Finance Minister Bruno Le Maire who said: […]

Lawmakers and regulators on both sides of the Atlantic discuss how to enforce financial sanctions against Russia in the age of decentralized currencies. Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets. https://t.co/4lCUNcUC29 […]

The post Sanctions Against Russia Prompt New Crypto Regulations In US And EU appeared first on CryptoCoin.News.

Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She believes regulators “should look hard at how they can prevent the crypto markets from giving an escape hatch to Russia, both governmental and private transactions in and out of Russia.” […]