The United States has urged Japan to put more pressure on cryptocurrency exchanges and mining companies that continue to work with Russians. The U.S. wants the Japanese entities to end their business relations with Russia, thus adding to its financial isolation from the rest of the world.
The request, made by American diplomats, is targeting several of Japan’s more than 30 licensed crypto trading platforms that are still present in the Russian Federation, the Financial Times revealed in an article on Friday, quoting people familiar with the matter.
The U.S. representatives told Tokyo to focus on halting crypto mining operations with Japanese participation in the Siberian Irkutsk Oblast, two knowledgeable sources said. The region is known as Russia’s mining capital as it offers cheap hydroelectric power and a cool climate.
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