Ukraine’s Digital Transformation Minister has asked Tether to stop doing business with Russian citizens, following a Twitter post aimed at prominent CTO of stablecoin operator Paolo Ardoino.
It is not clear in practice how Tether will stop Russians from using stablecoin, but when asked to comment, Tether said, “Tether continues to monitor the market. to ensure that there are no abnormal movements or measures that could contravene international sanctions.”
since the Russian invasion last month. The government of Ukraineincrease the pressureto businesses cease operations in Russia Companies from PayPal to Goldman Sachs have taken steps to leave the country. Although the response from most crypto-related companies has been the opposite.
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