State Financial Monitoring Service of Ukraine (financial intelligence unit, - ed.. ) work is underway to completely block the hosting of Russian crypto exchanges, as there are signs that Russia can use cryptocurrency to circumvent sanctions. This is stated in a letter from the State Financial Monitoring Service of Ukraine to the key American hosting company Cloudflare, which is at the disposal of ZN. U.A..

“We have strong evidence that there is a growing number of virtual asset service providers in Russia that help convert money from sanctioned financial institutions into cryptocurrencies to circumvent restrictive measures,” the State Financial Monitoring Service said in a letter..

In particular, a number of such operators were found in the Cloudflare hosting company..

" Please Stop Hosting Russian Cryptocurrency Service Providers Facilitating Circumvention of U.S. Restrictions.

We will be grateful for your prompt response, and we are open for further cooperation,"

As follows from the letter, the identified Russian crypto exchangers may be associated with sub-sanctioned banks Sberbank, VTB Bank and others..

Recall, as ZN reported a few days ago. UA, in the USA, access to 25 thousand wallets was blocked for Russians on the largest crypto exchange Coinbase. The reason given is the sanctions against Russia due to the war unleashed by it with Ukraine and the " This is discussed on the website of the exchange.