Mykhailo Fedorov, vice prime minister and minister of digital transformation of Ukraine, has called on crypto exchanges to freeze the accounts of both Russian and Belarusian users. Fedorov had tweeted asking crypto exchanges to ban Russian accounts on February 27, following several days of intense fighting in Ukraine after Russian forces invaded the country late […]

Following the invasion of Russian forces into Ukraine, several countries (i.e., the United States and a number of EU members) have imposed strict economic sanctions on Russia which, among other things, will preclude some local banks from accessing the Society for Worldwide Interbank Financial Telecommunications (SWIFT).

The post With Russia cut off from SWIFT, could Bitcoin play a role in avoiding sanctions? appeared first on CryptoSlate.

While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system.

Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing […]

Economist Alex Kruger warns that if Russia turns to cryptocurrencies in order to evade sanctions, crypto assets would be negatively impacted. Kruger tells his 123,700 Twitter followers that the use of crypto to bypass sanctions would attract a severe response from US regulators. “Russia using crypto to bypass sanctions would be dreadfully bearish. Don’t expect […]

The post Economist Alex Kruger Warns Russia Using Crypto To Escape Sanctions Would Send Prices Crashing – Here’s Why appeared first on The Daily Hodl.