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Treasury warns against Russia’s efforts to evade sanctions with cryptocurrencies

From cnbc.com

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,” 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. The Senate Committee on Banking, Housing and Urban Affairs convened the hearing to discuss the next steps for deterrents against Russia’s continued aggression against Ukraine, such ... (full story)

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