Russian businesses operating within the Russian Federation have begun to use cryptocurrencies to circumvent sanctions in cross-border transactions, according to the Ministry of Finance. Russian busine...
Tag: Circumventing
Russia is not circumventing sanctions with Bitcoin
There is a lot of talk these days about the possibility that Russia could use Bitcoin to circumvent international sanctions. Why can’t Russia use Bitcoin to circumvent sanctions? The founder and CEO ...
Ukraine Raises Money through Crypto, Russia Circumventing Sanctions with Digital Assets
The conflict between Russia and Ukraine took center stage last month. The issue not only changed the global political landscape but also the economies of both countries. The financial infrastructure i...
Treasury Department Warns Against Circumventing Russia Sanctions, Targets Digital Currencies and Physical Assets
The U.S. Treasury Department is calling out digital assets as it prepares to enforce new sanctions against Russia. The Office of Foreign Assets Control (OFAC) is detailing a series of measures designe...