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Singapore's Russia sanctions pile pressure on crypto players

Digital asset platforms scour transactions as Ukraine war enters third week

Cryptocurrency players in Singapore are keen to show they are abiding by the city-state's financial sanctions on Russia. (Source photos by AP) 

SINGAPORE -- Cryptocurrency players in Singapore, keen to preserve their ability to operate in the financial hub, are scouring their capital flows for any possible Russian links.

The city-state on Saturday spearheaded rare action in Southeast Asia to sanction Russia for its invasion of Ukraine, by announcing it would ban financial institutions from dealing with a list of Russian entities.

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