Alex Coin 
While it is virtually impossible for the Swiss government to take control of cryptocurrencies hosted in users’ wallets, they plan to work with exchanges to prevent their Russian users residing in the country from having their digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies hosted on such platforms.
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The government of Switzerland, a country known for having multiple financial facilities and for being a nation that has opened the doors to Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and cryptocurrencies, will take steps to freeze digital currencies and assets belonging to companies of Russian origin.
Switzerland to freeze cryptocurrencies for Russian individuals and companies
So ruled theMinisterio de Finanzas The European country, which claimed that it will proceed to freeze cryptocurrencies, assets and properties of both individuals and Russian companies operating within the borders of his nation. This measure is in addition to the sanctions that already weigh on the Soviet giant, imposed mainly by the US, the UK and the European Union.
However, the emphasis on banning transactions with cryptocurrencies to the Russian government had already been pointed out by the European Union at the beginning of the conflict. Last Wednesday, the coalition of European countries indicated that it would take measures to prevent the Soviet nation from using such assets to somehow circumvent the economic sanctions already imposed. In this regard, French Finance Minister Bruno Le Maire commented:
“We are taking measures, in particular on cryptoassets that should not be used to circumvent financial sanctions decided by the 27 countries of the European Union.”
El homólogo suizo de Le Maire, Guy Parmelin, confirmó que Suiza adoptaría esta y otras medidas convenidas por la Unión Europea, con lo cual ya se comenzaron a congelar cuentas bancarias y activos de más de 200 residentes rusos en sus fronteras.
Is it really possible to freeze cryptocurrencies?
Given the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. nature and nature of cryptocurrencies, there remains a question among many users and enthusiasts as to how the Swiss government will proceed to prevent Russian companies and citizens from making use of these assets.
A Swiss government official validated this concern and pointed out that if these assets are in private wallets belonging to their users, most likely the authorities cannot do anything about it. However, he indicated that the point where they can act is if these people/entities try to exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. these cryptocurrencies for legal tender through duly authorized exchanges.
In this regard, the official explained that if the funds go to exchanges such as Coinbase, The assets would be placed in wallets under their custody, which would make it possible to restrict the marketing and use of the assets in accordance with the recently imposed sanctions. In this regard, the official clarified:
“But if they are using crypto services (funds, exchanges, etc), we can target these to prevent them from making use of cryptocurrencies.”
Let’s keep in mind that the CEOs of Coinbase is an American company that operates a cryptocurrency exchange platform. y Kraken ya anticiparon que como empresas debidamente registradas bajo las legislaciones de los países en los que operan, estos podrían verse en la obligación de congelar fondos y/o suspender operaciones con criptomonedas a personas y entidades siempre que existan basamentos legales que avalen tales medidas. Indicaron que esto podría impactar negativamente sobre los negocios, pero está la responsabilidad de acatar las medidas dispuestas por gobiernos y reguladores.
It is worth noting that all the companies in the sector Blockchain and crypto that wish to operate in Switzerland must obtain the respective license issued by the Financial Market an area or arena, online or offline, in which commercial dealings are conducted. Supervisory Authority.
- UK FinTech Neobank Revolut announced that it will suspend its services to customers residing in Russia and Belarus.
- Cryptocurrencies serve as a safe haven for many Russian residents, says Coinbase CEO
- Lugano, Switzerland, will make Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and Tether legal tender in the city
Source: Bitcoinist ,Beincrypto
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
