Crypto-Follow logo Crypto-Follow logo
TheBlock 2022-03-29 21:05:39

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

Quick TakeThe 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.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer