Russia and its citizens use cryptocurrency assets to avoid sanctions.
Senior Japanese officials have said the country will review its currency legislation so that Russia cannot use cryptocurrency assets to evade sanctions against it. This is stated in a report on the official telegram channel of the Verkhovna Rada.
“Japan will review its currency legislation to prevent Russia from using cryptocurrency assets to evade Western financial sanctions imposed on the country after Moscow's invasion of Ukraine,” the statement said.
Read also: US Treasury announced new sanctions against Russia
Japan has stated that it cannot confiscate funds from the Central Bank of Russia. Japanese law does not allow the confiscation of the Bank of Japan's gold and foreign exchange reserves, which have been frozen due to the war in Ukraine.
Earlier it was reported that the government Ukraine is counting on the payment of the Russian Federation compensation for the damage caused to us by the war, in particular by attracting frozen assets of the Central Bank of Russia to restore Ukraine.
Three Japanese banks terminate operations with Sberbank of Russia.
