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Why AML experts say blockchains won’t help Russia evade sanctions
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Quick Take
- The 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.
Experts do seem to agree that Russia will turn to crypto for some relief. The question is if it’ll find it.
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