U.S. Requests Crypto Exchanges to Avoid Russian Running away from Sanctions

The U.S. is reportedly urging major crypto exchanges to make sure no Russian individuals or institutions escape from the sanctions by using cryptocurrencies, according to Bloomberg.

Citing to personnel with direct knowledge of matters, the Biden’s administration– including the Treasury Department and National Security Council from the White House, are discussing with leading crypto exchanges, such as Binance, FTX Trading Ltd and Coinbase Global Inc., asking these exchanges to “thwart any attempts to sidestep the stiff restrictions levied by the U.S. and its allies after Russia invaded Ukraine last week, ” report disclosed. A White House official said …

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