homecryptocurrency NewsJapan urges crypto exchanges to act in line with sanctions against Russia

Japan urges crypto exchanges to act in line with sanctions against Russia

The government will work as one to strengthen measures against the transfer of funds using crypto assets that would be in violation of the sanctions, the Ministry of Finance and Financial Services Agency said in a joint statement.

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By Reuters Mar 14, 2022 10:32:09 AM IST (Published)

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Japan urges crypto exchanges to act in line with sanctions against Russia
The Japanese government will urge crypto exchanges not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus, officials said on Monday.

The government will work as one to strengthen measures against the transfer of funds using crypto assets that would be in violation of the sanctions, the Ministry of Finance and Financial Services Agency said in a joint statement.

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