The Monetary Exchange of Singapore (MAS), the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place toward Russia. This statement comes after research that revealed millions in crypto donations raised by pro-Russia groups in support of the ongoing conflict in Ukraine and increased sanctions on Russia from financial authorities around the world. Singapore’s decision puts it in line with European Union’s sanctions toward Russia, which were first imposed earlier this year. Initially, the sanctions limited Russia-EU crypto payments…
EU crypto sanctions against Russia has an unexpected enforcer
