Ukraine calls for information on Russian politicians' crypto wallets as war rages on. realDannyNelson reports
Ukraine is trying to get ahead of crypto-savvy Russian politicians who might turn to digital currencies trying to escape growing efforts to financially isolate the Kremlin and its allies.
On Saturday, Ukraine’s Minister of Digital Transformation Mykhailo Fedorov called for information on crypto wallets held by Russian and Belorussian politicians. “War crimes must be pursued and punished!” he said in aArtem Afian, a Ukrainian lawyer who Fedorov said was gathering addresses, told CoinDesk that the minister’s goal is to “stop Russian politicians from using crypto and avoiding sanctions.
The call-to-action adds another layer to Ukraine’s post-invasion crypto strategy, which includes soliciting donations in bitcoin and ether. Both efforts highlight how cryptocurrencies can jump borders as a tool for those seeking assistance as well as people trying to evade the law.Russia-linked wallet addresses will be reported to government sanctions offices, to cryptocurrency exchanges and to Chainalysis, the crypto tracing company, Afian said via Telegram.
Ruble-crypto trading pairs have seen a nearly nine-fold surge in daily volume since the days leading up to the invasion, the company said. It suggested this was the result of Russian citizens “trying to preserve their savings,” and was not necessarily criminal activity.DISCLOSURE The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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