Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says
Quick Summary:
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine.
The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort.
Andrew Fierman, head of sanctions strategy at the company, now told CNA that crypto donations, used to buy anything from drones to bulletproof vests, have already reached $4.8 million.
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Article Details
Author / Journalist: Lubomir Tassev
Category: Crypto
Topics: Evasion Prohibition Groups Crypto Crypto platforms Measures MAS Pro-Russian Monetary authority Russia Circumvention Ukraine Cryptocurrency Russian Sanctions Service providers Crypto exchanges Ban Singapore Fundraising Central Bank Restrictions Cryptocurrencies Exchanges War
Source Website Secure: Yes (HTTPS)
News Sentiment: Negative
Fact Checked: Legitimate
Article Type: News Report
Published On: 2022-11-03 @ 06:30:43 (1 days ago)
News Timezone: GMT +8:00
News Source URL: news.bitcoin.com
Language: English
Article Length: 440 words
Reading Time: 3 minutes read
Sentences: 32 lines
Sentence Length: 14 words per sentence (average)
Coverage Location: Japan
Platforms: Desktop Web, Mobile Web, iOS App, Android App
Copyright Owner: © Bitcoin News
News ID: 1379844
View Article Analysis
Main Topics: Crypto
Official Website: news.bitcoin.com
Update Frequency: 15 posts per day
Year Established: 2008
Headquarters: Japan
News Last Updated: 10 hours ago
Coverage Areas: Japan
Ownership: Independent Company
Publication Timezone: GMT +8:00
Content Availability: Worldwide
News Language: English
RSS Feed: Available (XML)
API Access: Available (JSON, REST)
Website Security: Secure (HTTPS)
Publisher ID: #62
Publisher Details
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Source: https://beamstart.com/news/crypto-exchanges-must-comply-with-16674571351123
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