US diplomats call on Japan's crypto exchanges to cut ties to Russia: Report

Cointelegraph

Published Jul 08, 2022 03:30PM ET

Updated Jul 10, 2022 05:40PM ET

Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanctions.

According to a Thursday report from the Financial Times, U.S. diplomats requested several of the 31 crypto exchanges licensed to do business in Japan and certain miners to halt operations in Russia. Japan’s financial watchdog, the Financial Services Agency, or FSA reportedly issued demands to the respective exchanges to sever any remaining ties with Russia.

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