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3232ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions
https://www.digit.info/ecb-chief-cryptocurrencies-are-certainly-being-used-to-circumvent-russian-sanctions/
Wed, 23 Mar 2022 01:30:24 +0000https://www.digit.info/2022/03/23/ecb-chief-cryptocurrencies-are-certainly-being-used-to-circumvent-russian-sanctions/Read more]]>The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions Christine Lagarde, president of the European Central Bank (ECB), said Tuesday at the Bank […]
]]>US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions
https://www.digit.info/us-treasury-official-we-dont-see-that-crypto-could-be-used-in-large-scale-way-to-evade-sanctions/
Sun, 20 Mar 2022 22:00:03 +0000https://www.digit.info/2022/03/20/us-treasury-official-we-dont-see-that-crypto-could-be-used-in-large-scale-way-to-evade-sanctions/Read more]]>The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View on Crypto Use to Evade Sanctions Nellie Liang, Treasury […]
]]>Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions
https://www.digit.info/analysts-warn-of-regulatory-risks-if-russia-is-able-to-use-crypto-to-evade-sanctions/
Sun, 27 Feb 2022 00:30:00 +0000https://www.digit.info/2022/02/27/analysts-warn-of-regulatory-risks-if-russia-is-able-to-use-crypto-to-evade-sanctions/Read more]]>Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing […]