The Financial Stability Board (FSB) is closely scrutinising the use of crypto assets during the Ukraine war, over concerns they could be used to evade the western sanctions on Russia.

Some cryptocurrency exchanges have rejected calls to cut off all Russian users, raising concerns that cryptocurrencies could be used as a way to avoid sanctions.

Ukraine has also raised millions of dollars in cryptocurrency after posting calls on social media for donations in bitcoin and other digital tokens.

John Glen, British Minister for Financial Services, said that the measures already taken by the UK to subject crypto assets to anti-money laundering and anti-terrorist financing restrictions will support crypto asset law enforcement.

Do you believe they are taking the corresponding actions? Do they need better policies to control cryptocurrencies in specific situations, such as the war in Ukraine?