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Crypto could bypass President Biden's 'devastating' sanctions on Russian banks and elites: Report
The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers. In a Thursday announcement from the White House, Biden said the U.S. and its allies and partners would be enforcing sanctions aimed at imposing “devastating costs” on Russia due to “Putin’s war of choice against Ukraine.” The U.S. president announced that the country would sever its financial system from Russia's largest bank, Sberbank, as well as impose “full blocking sanctions” on VTB Bank, Bank ... (full story)