Regulatory debates, mining, sanctions dynamics, and Russia’s complex crypto environment.
After the G7 countries decided to strengthen their sanctions against Russia, Japan announced that it is sanctioning Russian crypto IP's and sets an $8.5K penalty to exchanges who don't comply.
Zeynep Geylan 3 min read 
Leading crypto payments services provider, MoonPay, has suspended its operations in Ukraine, Russia and Belarus.
A group of senators is introducing a bipartisan bill to prevent Russia from selling its gold reserves. Meanwhile, the U.S. may ban Russian oil imports, without participation of its European allies.
Coinbase reveals that they have been blocking sanctioned individuals and entities since their inception.
Have SWIFT, PayPal, Mastercard and Visa finally exposed the vulnerabilities of centralised finance? Crypto may soon be the only transaction method left in Russia.
Switzerland and Singapore join in the crypto sanctions against Russia as a result of Ukraine invasion, further isolating Russia from the crypto market. Meanwhile, Japan also announces that they are considering crypto sanctions.
Director of Policy and Regulatory Affairs at Elliptic argues that Russia may as well do their own mining to get their hands on some Bitcoin which would help them against the sanctions. Some think so, while others disagree.
Crypto transaction volume on Russian exchanges have plunged by 50%. While some crypto analysts believe that Russia could evade the economic sanctions imposed on it through the use of crypto, new data from Chainalysis suggests otherwise.
Leading exchange platforms show differences in their response to Russian invasion of Ukraine. While Coinbase and Binance have refused to join the sanctions, five of South Korea's leading exchange platforms have banned Russian IP's.
