It is reported that officials representing the US government Calls for Japanese Licensed Crypto Exchanges stop doing business with Russia It appears to be part of the country’s economic sanctions.
According to a report Thursday from the Financial Times, US diplomatshave askedMany of the 31 exchanges that are licensed to do business in Japan. and some mining cease operations in Russia by staff from the Japanese financial authorities The Financial Services Agency (FSA) has reportedly issued a request to the relevant exchanges to sever any remaining ties with Russia.
After Russia’s invasion of Ukraine in February, the FSA and Japan’s Treasury Ministry announced in March that crypto companies conducting transactions involving sanctioned individuals or entities in Russia and Belarus. will be fineor imprisonment
Under the leadership of Prime Minister Kishida Fumio, Japan has imposed sanctions on Russia since February. These include the country’s ban on imports of gold, certain accounting services, and the suspension of Russian assets. As a report from the Financial Times points out, although many Japanese mining companies and crypto exchanges may not operate directly in Russia. But there may also be affiliates working with local companies that violate sanctions.
Under FSA guidelines, all exchanges are required to register to provide crypto-related services in Japan.web trading31 registered and authorized locations in the country, including DeCurret, bitFlyer, Coincheck and OKCoin.
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