The Russia's central bank wanted cryptocurrencies to be banned in its country but the Russian president, Vladimir Putin said bitcoin mining and other crypto mining will be beneficial for Russia. Some people at that time have been supectimg this could be a move by the Russia's president that he is planning to invade Ukraine which will result to sanctions, thinking cryptocurrencies would be a means to evade sanctions and make it economically less effective.
Ukrainian Vice Prime Minister Mykhailo Fedorov demand crypto exchanges to freeze all Russian accounts so that the sanction can be effective, but most exchanges did not support this. I read few days ago that cryptocurrencies may not help in Russia sanction but FinCEN concluded that Russia can attempt to use cryptocurrencies to evade sanctions.
FinCEN Provides Financial Institutions with Red Flags on Potential Russian Sanctions Evasion AttemptsWhat is your take? What role can cryptocurrencies play in helping Russia sanctions evasion and to what extent can this be?
Russians and USA and ukraine was creating the cryptocurrenciey it's not even secret anymore.
The USA wall street got money but no brains so they started work together with russians to build new money system off course they use it to avoid sanctions.
Becouse only brain can Do this ...USA was using germany enginering after war to build powrful military and cars because USA got no Brain ...now they use russians to build financial system but power will be USA hands