The Monetary Exchange of Singapore (MAS) has reminded all authorized cryptocurrency exchanges in the country to conform to financial sanctions against Russia, following the research finding showing that pro-Russia groups raised funds through crypto donations and more countries’ financial authorities have imposed sanctions on Russia. The statement makes Singapore align with the international response to Russia. The latest European Union sanctions prohibited cross-border crypto payments between Russians and the EU, which included a total ban on all crypto-asset wallet, account, or custody services, irrespective of the amount of the wallet.
Source: https://cointelegraph.com
