FBI chief: the USA will be able to counter sanctions evasion with cryptocurrencies
Christopher Wray stated that the United States has a lot of experience to block attempts to evade restrictions
11.03.2022 - 12:45
375
1 min
0
What’s new? Christopher Wray, the director of the Federal Bureau of Investigation (FBI), stated that Russia’s ability to bypass sanctions using cryptocurrencies is too overestimated. He noted that the ability of the United States to track digital assets will allow countering such efforts. Wray said this at a hearing of the Senate Select Committee on Intelligence.
Recording from a hearing of the Senate Select Committee on Intelligence
What does the FBI chief say? Wray said that there are vulnerabilities in using cryptocurrencies to circumvent sanctions. He added:
“The Russians’ ability to circumvent the sanctions with cryptocurrency is probably highly overestimated on the part of maybe them and others. We are, as a community and with our partners overseas, far more effective on that than I think that sometimes they appreciate and there’s a lot of expertise in terms of tools and strategies to help block that kind of effort.”
What had happened before? The European Union and US governments announced sanctions against Russia. The US Financial Crimes Enforcement Agency and the European Commission stated that they will explore Russia’s possibility of using digital currency to evade restrictions. The US presidential administration has issued an executive order aimed at creating a regulatory framework for cryptocurrencies, which mentions the risks of circumventing sanctions.
Useful material?
Telegram 
Twitter Crypto regulations
In turn, the European Commission said that the bank misinterpreted the norms of the law, and in its current form it is already capable of protecting the bloc’s economy
Apr 23, 2025
Market
The product will allow professional investors to track the price of the altcoin without having to hold it directly
Apr 18, 2025
Market
Previously, the PumpFun team launched their decentralized exchange to preserve liquidity in their ecosystem
Apr 17, 2025
Technologies
The company predicts that devices powerful enough to crack a 256-bit key could be available in the next 10 years
Apr 17, 2025
Mining
The collaboration aims to increase decentralization of the blockchain
Apr 15, 2025
Market
The feature will later be available to customers in Europe and Australia
Apr 15, 2025
Cryptocurrency rates
-
Bitcoin
$93 105
BTC
-0.46%
-
Ethereum
$1 758.77
ETH
-2.28%
-
Ripple
$2.19
XRP
-3.4%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.175616
DOGE
-3.03%
-
Cardano
$0.699148
ADA
-0.87%
-
Stellar XLM
$0.26854
XLM
-0.53%
-
Bitcoin Cash
$348.83
BCH
-2.35%
-
Litecoin
$81.95
LTC
-2.62%
-
Polkadot
$4.04
DOT
-1.88%