Crypto industry faces ‘fork in the road’ over sanctions

Bow to policy-makers’ concerns about sanctions evasion or face reputational damage, says LSEG’s Schwimmer


Cryptocurrency exchanges face a “watershed moment” where they can either comply with regulations or face the reputational consequences of failing to prevent sanctions evasion, London Stock Exchange Group chief executive David Schwimmer told an audience at the FIA Boca conference this week.

To win favour from regulators and increase wholesale market participation, there is growing pressure on crypto exchanges and trading firms to demonstrate compliance with existing anti-money laundering and

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