'We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets.' cryptocurrency bitcoin $BTC
“We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance.The Group of Seven nations are reportedly examining ways to stop individuals and companies from using cryptocurrencies to circumvent Western sanctions following Russia’s invasion of Ukraine. The G7 countries comprise Canada, France, Germany, Italy, Japan, the UK, and the U.S.
We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets. We are working towards this in the context of the German presidency of the G7. A growing number of countries and organizations are placing sanctions on Russia since its invasion of Ukraine. They include cutting selected Russian banks from the SWIFT messaging system, rendering them isolated from the rest of the world.
The European Union will include cryptocurrency in its sanctions against Russia, French Finance Minister Bruno le Maire confirmed this week after a meeting of EU finance ministers. He told a news conference: