Tuesday, 21 Jan 2025

UK forces crypto exchanges to report suspected sanction breaches

UK forces crypto exchanges to report suspected sanction breaches


UK forces crypto exchanges to report suspected sanction breaches
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Regulators have taken note. In February, representatives from the White House and the US Treasury asked crypto exchanges to stop operating in Russia. In March, UK financial regulators issued a joint statement confirming that cryptoassets fall under sanctions rules. The EU in April also banned large crypto transactions with Russia.

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