The Ukrainian financial supervisory authority reports blocking of Russian crypto exchanges-
The Ukrainian financial supervisory authority reports blocking of Russian crypto exchanges-
The financial surveillance authority of Ukraine has restricted access to a number of online crypto exchangers operated by Russia. Some of the Coin trading platforms work with sanctioned Russian banks, the regulatory authority said in a report.
Ukrainian tax authorities aim at Russian crypto-exchange websites and wallets
The State Financial Service Service (SFMS), a unit of the Ukrainian financial secret service, has issued a special edition test report on the results of your operations in 2022. The agency announced that the agency announced that it contributed to the state's defense efforts to the state's defense efforts. rel = "noopener"> conflict with Russia.
In the document published this week, the watchdog announced that its employees with colleagues from the Ministry of Digital Transformation and leading Ukrainian crypto experts have come together. Together they were able to identify Russian crypto exchanges related to Russian financial institutions that were made under sanctions, including Russia's largest bank, Sber .
The Ukrainian financial supervision did not name the exact number of these platforms or its domain names, but emphasized that the goal was to block them completely.
In close cooperation with crypto service providers in Ukraine and abroad, the SFMS also introduced a mechanism to "block crypto money exchanges of the Russian Federation". It is unclear whether it is Russian wallets in general or those that are connected to the government in Moscow.
The state service recalled that last year he had made the world's largest crypto exchange and proposed measures "to contain the aggression of the Russian Federation on the market for virtual assets" and peer-to-peer transactions for users of different Russian banks.
"Other practical measures related to the blocking of Russian crypto assets and operations of Russian residents were implemented," added the agency without taking it in more detail. It worked with the tax authorities of almost 140 countries on this matter and at the same time broken off the connections to the supervisory authorities in Russia and Belarus.
Ukraine participates in a regional initiative to prevent money laundering by crypto
The SFMS also found that it is involved in the collaboration between Ukraine, Georgia and Moldova - countries with a steadily growing cryptom market and mining sector - which focuses on reducing money laundering by digital assets. The project is realized with the support of the Un and osze
The report fell together with a statement by the Ukrainian Minister of Digital Transformation, Mykhailo Fedorov. promising that the country will become" the best crypto court in the world ",, As soon as it has completed its regulatory framework for the industry.
In recent years, Ukraine has established itself as a leader in the introduction of crypto in Eastern Europe and accepted crypto donation since the start of the Russian invasion. His parliament existed a law "about virtual assets" last February and prepares corresponding changes to the tax code.
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