Summary
- Ukraine announced that it has issued an order to sanction 60 virtual asset companies related to Russia.
- This measure is in response to the growing attempts by Russia to use virtual assets to evade sanctions in areas such as military supply procurement.
- The President of Ukraine explained that Russia is relying on virtual asset transactions due to traditional financial channels being blocked.
Ukraine, which has been at war with Russia for three years, is imposing sanctions on virtual asset (cryptocurrency) companies related to Russia.
According to Pravda on the 7th (Korea time), Volodymyr Zelensky, the President of Ukraine, signed an order sanctioning 60 virtual asset companies, including 55 Russian virtual asset companies. The remaining 5 virtual asset companies are based in Cyprus, Kazakhstan, and the United Arab Emirates (UAE).
It is believed that Ukraine launched the crackdown after Russia began using virtual assets to evade sanctions when procuring military supplies.
President Zelensky stated, "Russia has procured billions of dollars in military funds solely through 'LLCA7', which is included in these sanctions," and added, "Currently, as many of Russia's traditional financial channels have been blocked, Russia is increasingly turning to virtual asset transactions."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)