Cryptocurrency exchanges

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:

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

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About Bitcoin News

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Main Topics: Crypto

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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

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Website Security: Secure (HTTPS)

Publisher ID: #62

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