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Yellen: No ‘significant’ Russian crypto sanction evasion found

Protos Artwork Yellen

Russian crypto sanction evasion is not significant, Secretary Yellen said, but a new bill could force exchanges to block Russian-based users.

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.

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.