Denying Russian digital currency holders access to their crypto assets also helps to “protect the integrity” of Switzerland’s cryptocurrency industry. cryptoassets russiasanctions
Report: Official Says Switzerland May 'Target' Crypto Assets Belonging to Sanctioned Russians
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however, warns that crypto-assets that are not stored with cryptocurrency exchanges are impossible to target.
According to an unnamed official from the country’s finance ministry, denying Russian digital currency holders access to their crypto assets also helps to “protect the integrity” of Switzerland’s cryptocurrency industry.
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