A crypto firm has received several inquiries from brokers in Switzerland for selling billions of dollars worth of bitcoins in the past few days. Firm executives said clients of these brokers fear that Switzerland may freeze their assets. One of these requests was to sell bitcoins worth about $2 billion (about Rs 15,351 crore). “We have received few such requests in the last two weeks. However, they did not go ahead after that, which is not surprising but we have never seen so much interest,” the executive said. He said his firm usually gets one inquiry a month for large transactions.
The executive said, “A person who came through a broker asked to sell 1,25,000 bitcoins. We were shocked. That was about $6 billion (about Rs 46,054 crore). They said they would send it to a company in Australia.” ” The Financial Market Supervisor of Switzerland declined to comment on the cryptocurrency’s transaction volume. The Secretariat of Economic Affairs (SECO) said in an emailed statement that crypto assets are subject to sanctions and measures implemented by Switzerland on Russia’s ‘ordinary’ assets. If a person is banned then his crypto assets should also be banned in Switzerland.
Dubai is a business center and emerging hub of crypto in the Gulf countries. The UAE’s refusal to take sides between the West and Russia has signaled to Russians that their investments are safe there. A real estate broker who helps people buy property through cryptocurrency said that many people from Russia and Belarus are coming to Dubai to invest and they also have funds in cryptocurrencies.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)<!–
–>
For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.
Related news
,