Cryptocurrency exchanges are reportedly blocking transactions from accounts known to be linked to sanctioned individuals. Exchanges in most Western countries are required to carry out anti-money-laundering checks. Binance, the world’s biggest crypto exchange, has already identified and blocked at least one wallet linked to a sanctioned person, WIRED understands. But a Binance official thinks the concerns that crypto will help to prop up Russia are overblown.Crypto trading is skyrocketing in popularity both in sanction-stricken Russia and war-torn Ukraine.
Source: https://www.wired.com/story/crypto-russia-ukraine-sanctions