Russia Can Avoid Sanctions By Using A Wide Range Of Cryptocurrency Tools

Russia Can Avoid Sanctions By Using A Wide Range Of Cryptocurrency Tools

As the Biden administration slaps economic sanctions against Russia to contain the crisis in Ukraine, Russia is using various cryptocurrency tools to maintain access to foreign capital. As Russia attacked Ukraine, cryptocurrency prices fell sharply. On Thursday morning, Bitcoin prices declined to more than 8%, to settle at $34,702.18, marking its lowest level in around a month.  Ether fell more than 8% to trade around $2,407.47. Related Reading | Quant Explains How Bitcoin NUPL Can Help Predict Bull Cycles That’s A Lot Of Money Economists have approximated that the U.S.....


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Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion

Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine. Chainalysis Offers Crypto Industry New Sanctions-Screening Tools As the military conflict in Ukraine intensifies, western allies continue to expand sanctions on Russia, including by targeting opportunities to employ crypto assets to circumvent the restrictions. Blockchain analytics firm....

Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading San...

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Battle Of The Hedges: How Gold And Bitcoin Have Performed With Russia-Ukraine...

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Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade Sanctions

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