Crypto execs reaction toeconomic sanctions against Russia

BANK SANCTION RUSSIA PDSGon

In the United States and most western nations, most banks are prohibited from dealing with Russian companies or exchanging money As the West and America tighten sanctions against Russia, concerns have been raised about how this will affect the cryptocurrency market.Business in the United States and other western nations is restricted from doing business with Russian banks and the national wealth fund due to its isolation from the SWIFT international payment system.There have been comments from executives at crypto exchanges about the sanctions and their effects. Binance’s CEO, Changpeng Zhao, recently expressed his thoughts about this matter on Twitter. He said the majority of banks adhere to sanctions and that cryptocurrency exchanges such as Binance follow them too.https://www.freepikcompany.com/legalIn order to avoid such undesirable scenarios, Garlinghouse said that cryptocurrency exchanges have implemented stringent rules, such as those that require their customers to comply with

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