Against the backdrop of increased sanctions pressure and limited access to dollars and euros, the interest of citizens and companies in cryptocurrencies has sharply increased in Russia. Bitcoin exchanges have recorded an increase in investment in both Bitcoin and stablecoins.
At the beginning of this week, it became known that the Japanese government turned to crypto companies and demanded that they stop serving individuals and legal entities from the Russian Federation.
Exchanges and services involved in the exchange of digital currencies should completely stop servicing Russians and enterprises from the Russian Federation that are on US and European sanctions lists reports Kyodo.
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The Ministry of Finance of Japan also noted that about 30 bitcoin exchanges and services are registered in the country, which directly or indirectly serves Russian investors.
In addition, the Japanese authorities announced that their country would join the financial sanctions against Moscow and freeze the assets of several major Russian banks.