The Russian invasion of Ukraine has brought many problems for the whole world. The US, UK, EU, and other countries have applied measures to curb the Russian economy. After damaging the traditional markets, the Union of different countries is now aiming with sanctions at the Cryptocurrency and NFT markets in Russia. In this bid, Japan’s financial regulator and Virtual and Crypto Assets Exchange Association (JVCEA) have reportedly started working over it.
How Japan will enable crypto sanctions?
The allies have already made some moves in reply to the Russian invasion of Ukraine. The steps taken by them have restricted Russia’s economy, access to technology, and cryptocurrency market. Now, Japan government is having discussions with the watchdogs to evaluate how sanctions can be implemented effectively against Russia.
Mallconomy
WienerAI
