Post
Topic
Board Economics
Re: Russia can evade sanction through cryptocurrencies
by
Best-mary
on 15/04/2024, 16:18:51 UTC
Russia can attempt to use cryptocurrencies to evade sanctions

For his mind (Putin). Do you even know that about 25,000 Russians account has been placed on ban from one of the populous exchange coinbase and this is as a result of strict adherence in following the call on sanction placed on Russia.
https://en.cryptonomist.ch/2022/03/08/coinbase-blocks-25000-russian-accounts/?utm_source=thecryptoapp
Oh well, we see the quick action other exchange took when it came to Russian and other countries that were at war. Probably because of the strict policy on all cex in other to avoid illegal activities but it's a different story from BingX allowing Irans to withdraw money without KYC..