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 […]

This historically neutral country hasn't just joined the European Union in sanctioning Russia—it's going after Russians' crypto, too.

While much of the financial world is united in its efforts to distance itself from Russia as the country’s leader, Vladimir Putin, orders his forces continue their invasion of neighboring Ukraine, many of those in the cryptocurrency world are decidedly more ambivalent. Is this a function of the underlying libertarian spirit that powers much of Read more...

The post Have Cryptocurrency Firms Reached a Moral Crossroads Over Ukraine? appeared first on Finovate.

Based on the ripple effect of sanctions slapped on Russia because of its ongoing invasion of Ukraine, Russia continues to be starving for foreign currency. It might make Bitcoin mining an alternative to bypass sanctions. (Read More)

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.

French Finance Minister Bruno le Maire said the EU is looking for ways other than cryptocurrencies to impose sanctions on Russia, according to Reuters. (Read More)