Meanwhile, the U.S. Treasury Department is “closely monitoring any efforts to circumvent or violate Russia-related sanctions, including through the use of virtual currency.”The leaders of the Group of Seven countries jointly issued a statement Friday regarding further sanctions on Russia. The statement explains that since Russian President Vladimir Putin launched an invasion of Ukraine on Feb.
Among the measures the G7 countries have committed to taking further is “maintaining the effectiveness of our restrictive measures, to cracking down on evasion and to closing loopholes.”Specifically, in addition to other measures planned to prevent evasion, we will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.
The G7 leaders noted that this “will further limit their access to the global financial system.” They stressed, “It is commonly understood that our current sanctions already cover crypto-assets.”We commit to taking measures to better detect and interdict any illicit activity, and we will impose costs on illicit Russian actors using digital assets to enhance and transfer their wealth, consistent with our national processes.The U.S.
“U.S. persons, wherever located, including firms that process virtual currency transactions, must be vigilant against attempts to circumvent OFAC regulations and must take risk-based steps to ensure they do not engage in prohibited transactions,” the guidance reads, adding: OFAC is closely monitoring any efforts to circumvent or violate Russia-related sanctions, including through the use of virtual currency, and is committed to using its broad enforcement authorities to act against violations and to promote compliance.
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I don't think it's easy to implement
What are perspective projects right now?
atNFTART Abandons75 CalmOctopus
atNFTART Abandons75 CalmOctopus
It is the war of the state the protest of the people. Isn't it also against humanitarianism to strike at individual Russians?
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Thermal protection is important
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That's nice to hear!
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It's interesting to see how you will do it.
Putin EVIL HUMANITY
That's Great to hear!
🤡🤡🤡🤡
How will they do it? They don't understand something about decentralization?
Monero thinks that's cute
leslarmetaverse LeslarMetaverse
What is right and wrong against the spirit of decentralization?🤷🏻♀️
Lol
违背去中心化精神，孰对孰错？
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I can’t with this bullshit
I guess we can only go down from here...
That’s great to hear 👍🏻❤️💯
Wtf
It's going to crash the market, for sure.