Japan wants crypto exchanges to block sanctioned Russians, like banks

Sanctions targeting Russia have boosted Japan Prime Minister Kishida’s popularity, but polling shows citizens want tougher action on Putin.
Sanctions targeting Russia have boosted Japan Prime Minister Kishida’s popularity, but polling shows citizens want tougher action on Putin.
World powers paying Russia for its oil and gas with Bitcoin is unlikely. Still, it’s wild to see the cryptocurrency namedropped like this.
Russia’s central bank is reversing its stance on crypto to avoid sanctions. But top analytics firms Chainalysis and Elliptic aren’t worried.
Binance, Kraken, and Coinbase have refused blanket bans on Russian users, citing libertarian values. FTX has already cut off Russian banks.
Coinbase’s chief counsel cited its geoblocking of Crimea while defending the exchange’s decision not to ban Russia-based users.