Why AML experts say blockchains won’t help Russia evade sanctions

Quick Take

  • The US and allies have levied heavy sanctions against Russia to cut it off from resources to prop up its economy and continue its assault on Ukraine.
  • US lawmakers have expressed concern that crypto will be used as a tool to evade sanctions.
  • Experts break down why the crypto industry isn’t yet big enough to act as a meaningful evasion tool.

This feature story is available to
subscribers of The Block News Plus.
You can continue reading
this News Plus feature on The Block.

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: 

Track live crypto price of 10000+ coins!

Related:  Lost SOL? Persistent challenges continue to impact Solana price