Japanese Financial Authority Asks Crypto Firms to Comply with Sanctions on Russia and Belarus; bitcoin increases
Japan’s Financial Services Agency on Monday ordered crypto exchanges not to process transactions involving crypto assets subject to asset freeze sanctions against Russia and Belarus over the war in Ukraine, reported. Reuters. The move was taken after the Group of Seven (G7) countries issued a statement on Friday saying that Western countries “will impose costs on illicit Russian actors using digital assets to enhance and transfer their wealth.”
Reuters quoted a senior official from Japan’s Financial Services Agency as saying, “We decided to make an announcement to maintain the momentum of the G7.” “The earliest would be best.”
In India, travel services company MakeMyTrip launched a series of limited-edition non-fungible tokens (NFTs) on March 14. According to various media outlets, the proceeds from the sale of the NFTs would be used to support projects that promote sustainable tourism in India. . The first batch of NFT explores the landscapes of Goa, Kerala, Orissa, Meghalaya, Rajasthan, Ladakh, Himachal Pradesh, Kashmir and Andamans.
Meanwhile, in the cryptocurrency market, the price of Bitcoin (BTC) rose 0.15% in the past 24 hours, while trading at $39,062.0 as of 4:30 PM IST. . Its dominance in the crypto market is currently at 42.59%, down 0.09% in the last 24 hours, according to Coinmarketcap.com.
Over the past 24 hours, Ethereum (ETH) was trading at $2,591.02, up 0.14%, while Binance Coin (BNB) fell 0.89% to $369.60. Solana (SOL) rose 0.16% to $81.51 and Cardano (ADA) rose 1.63% to $0.8037.
Among meme coins, Dogecoin rose 0.10% and was trading at $0.1156 as of 4:30 p.m. on Coinmarketcap.com.
Rival Shiba Inu was down 1.35% in the past 24 hours and trading at $0.00002205.
Dogelon Mars fell 1.05% and traded at $0.0000006825, while Samoyedcoin traded at $0.01728, registering a decline of 2.06% in the last 24 hours, according to Coinmarketcap.com .
The global crypto market capitalization was $1.74 trillion, registering a 0.05% decline in the last 24 hours, while the total crypto market volume was $72.52 billion, up 40.21%.