Exchange’s role
Categories: Crypto News
The Biden administration is reportedly asking crypto exchanges to ensure that Russian individuals and businesses aren’t using cryptocurrencies to avoid U.S. sanctions, according to Bloomberg, citing people with direct knowledge of the matter. Binance, the world’s largest crypto exchange, is reportedly blocking the accounts of any Russian clients targeted by sanctions, Reuters reported.Sam Bankman-Fried, chief executive at crypto exchange FTX, wrote on Twitter that “we are already complying with international sanctions to prevent evasion, and will do so whether or not it’s mandated.”