Global Stock News

How Russia-Linked Crypto Services Drive Sanctions Evasion in 2024

How Russia-Linked Crypto Services Drive Sanctions Evasion in 2024

Introduction: Crypto’s Dark Role in Global Tensions

Cryptocurrency was meant to free money from banks and borders. But today, some use it to dodge international rules. These platforms help Russian groups move money past sanctions set by the West after the Ukraine war. This post dives into how they work, names key players, and shows why regulators are watching closely.

Sanctions block banks from dealing with certain Russian entities. Crypto skips this by turning rubles into digital coins like Bitcoin or USDT. These coins cross borders fast, then turn back into local cash abroad. No bank notices. Despite crackdowns, many exchanges keep going, often registered far from Russia but serving it fully.

Blockchain tools reveal the truth. They…

Source link

Share this article

Scroll to Top