As governments around the world release an onslaught of measures to punish Russia for its invasion of Ukraine, a growing number of experts warn Russia will almost certainly turn to cryptocurrency to help evade sanctions
, though it could prove only minimally successful.Key Facts
"When countries come under heavy sanctions, they get desperate," David Carlisle, the director of policy and regulatory affairs at Elliptic said in a Monday post,other experts in warning Russia will"undoubtedly" make an effort to use crypto to help minimize the impact of sanctions. Though crypto exchanges in the U.S., Europe and Asia will likely stop nearly all dealings with Russia, Carlisle says there are still some
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