EU checking if cryptoassets being used to bust Russian sanctions – EU official

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen in front of a displayed Binance logo in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration/Register now for FREE unlimited access to Reuters.comRegisterLONDON, March 2 (Reuters) – The European Commission is studying whether cryptoassets are being used to get round financial sanctions imposed on Russian banks following the country’s invasion of Ukraine, a senior European Union official said on Wednesday.Trading volumes between the Russian rouble and the Tether cryptocurrency spiked on Monday as the local currency tumbled to a record low on Western sanctions. read more Crypto-exchange …
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