Having cut seven Russian banks out of swiftcommunity, the EU_commission is looking into whether crypto is being used to evade sanctions. By JamieCrawleyCD
following a plunge the Russian currency. Similar trends were observed between the ruble and the world's largest stablecoin, tether.
Much of the trading activity was concentrated on Binance, Clara Medalie, an analyst for crypto research provider Kaiko, told CoinDesk.as it does not wish to punish innocent people."To unilaterally decide to ban people's access to their crypto would fly in the face of the reason why crypto exists," the exchange said Monday.
It added however that it is taking action against individuals who have had sanctions levied against them.Adds banks' names in first bullet point, background on ruble-bitcoin trading, Binance.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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