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The Japanese government will review the Foreign Exchange Law to close backdoors for sanctions evasion
The Japanese government has stated that it will look for an opportunity to close any backdoors for sanctions evasion against the Russian Federation.
On Monday, the Japanese government made a statement that the country’s currency legislation will be revised in order to prevent Russia’s attempts to evade Western sanctions restrictions with cryptocurrency assets. For this purpose, during the next meeting of the Japanese Parliament, the Kishida government will revise the Law on Foreign Exchange and Foreign Trade. This was reported to the Reuters news agency by Hirokazu Matsuno, chief secretary of the Cabinet of Ministers of Japan.