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Tuesday, April 29, 2025

Treasury warns against Russia's efforts to evade sanctions with crypto - CNBC

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.”
Yuriko Nakao | Getty Images
Russian President Vladimir Putin could use cryptocurrencies to evade U.S. and other sanctions launched against the Kremlin for its unprovoked invasion of Ukraine, a Treasury official told lawmakers Tuesday.
“Yes, Senator, that’s possible,” said Elizabeth Rosenberg, Treasury’s Assistant Secretary for Terrorist Financing And Financial Crimes, said when Sen. Elizabeth Warren, D-Mass., asked her if digital assets could be used to skirt sanctions.
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Read Full Story: https://www.cnbc.com/2022/09/20/treasury-department-russia-avoid-sanctions-us...

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