{"id":986991,"date":"2022-03-03T03:48:11","date_gmt":"2022-03-03T08:48:11","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=986991"},"modified":"2022-03-03T03:48:11","modified_gmt":"2022-03-03T08:48:11","slug":"call-to-ban-all-russia-transactions-resisted-by-crypto-exchange-boss","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=986991","title":{"rendered":"Call to Ban All Russia Transactions Resisted by Crypto Exchange Boss"},"content":{"rendered":"
\"cryptocurrency<\/div>\n

Chief executive and founder of Binance, Changpeng Zhao, said the company was \u2018not in a position to sanction, like, populations of people.\u2019<\/p>\n

He said: \u201cThere are a few hundred individuals that are on the international sanctions list in Russia, mostly politicians, and we follow that very, very strictly.<\/p>\n

Cryptocurrency exchanges have been coming under pressure to comply with western sanctions, by blocking transactions with Russia. There are fears that crypto could allow the Kremlin to bypass restrictions designed to cut it off from the international banking system.<\/p>\n

The UK, EU, US and Canada moved at the weekend to expel Russian banks from Swift, the main global payments messaging system used by banks, and also sought to prevent Russia\u2019s central bank from using its foreign currency reserves. Some now fear that the Russian government and its banks could aim to use crypto as a backdoor, as an alternative measure of international exchange to the dollar.<\/p>\n

But Zhao said he did not believe that cryptocurrencies \u2013 which are held on a decentralised ledger \u2013 would enable people to dodge sanctions.\u00a0<\/p>\n

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Crypto exchanges \u2018should be shut down? if they don?t suspend Russian accounts: Bill Browder <\/h2>\n<\/p><\/div>\n
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Asset manager Bill Browder, who for years specialized as an investor in major Russian firms, told Yahoo Finance on Tuesday that cryptocurrency exchanges should be closed if they do not suspend accounts owned by Russians.<\/p>\n

\t\tContinue reading on <\/a>\n\t<\/div>\n<\/div>\n

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Democrats Raise Alarms About Russia Using Cryptocurrency To Dodge Sanctions <\/h2>\n<\/p><\/div>\n
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Congress could be gearing up to rein in the cryptocurrency industry.<\/p>\n

\t\tContinue reading on HuffPost<\/span> <\/a>\n\t<\/div>\n<\/div>\n

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Crypto May Be a Safe Haven For Russians to Hide Assets <\/h2>\n<\/p><\/div>\n
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A land war in Europe.\u00a0 A complex financial system that few international regulators understand.\u00a0 And a proxy fight between the world\u2019s major powers that has<\/p>\n

\t\tContinue reading on TheStreet<\/span> <\/a>\n\t<\/div>\n<\/div>\n

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\nSource: TG Daily – Call to Ban All Russia Transactions Resisted by Crypto Exchange Boss<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chief executive and founder of Binance, Changpeng Zhao, said the company was \u2018not in a position to sanction, like, populations of people.\u2019 He said: \u201cThere are a few hundred individuals that are on the international sanctions list in Russia, mostly … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":986992,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[108,110],"tags":[109],"class_list":["post-986991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tg-daily","category-unfiltered-rss","tag-tg-daily"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/986991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=986991"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/986991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/986992"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=986991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=986991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=986991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}