Russian Central Bank Says Crypto Cannot Help to Evade Sanctions as War with Ukraine Continues

The Central Bank of Russia has rejected a proposal to evade financial sanctions by leveraging digital assets and cryptocurrencies Officials said the move could be impossible as sovereignties like the US have readied stopgaps against such methods Russian legislators argue that the country needs crypto to cushion the impacts of the war with Ukraine According to a statement released by Ksenia Yudaeva, Russia’s Central Bank Deputy Governor, using cryptocurrency to mitigate economic sanctions is not possible. These sanctions have been […]