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.” […]

Ukraine’s Deputy Prime Minister Mykhailo Fedorov asked major crypto exchanges to block addresses of Russian users. Earlier, Fedorov searched for ...

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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.