War Is Calling Crypto’s Neutrality Into Question

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

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