US Treasury warned crypto exchanges against helping Russia evade sanctions
Deputy US Treasury Secretary has stated that the authorities will figure out all the platforms that help individuals on the sanctions lists
30.03.2022 - 14:25
294
1 min
0
What’s new? The United States will hold accountable for any cryptocurrency company that tries to help Russia bypass sanctions. This was stated by Deputy US Treasury Secretary Wally Adeyemo in an interview with CNBC. According to him, so far Russia has not been able to circumvent economic restrictions but is trying to do so. Adeyemo believes that the country will use all possible means to do this.
What does Adeyemo say? He recalled the international group, REPO (Russian Elites, Proxies, and Oligarchs), created to coordinate efforts to control individuals on sanctions lists. The official added:
“What we want to make very clear to crypto exchanges, to financial institutions, to individuals, to anyone who may be in a position to help Russia take advantage and evade our sanctions: We will hold you accountable.”
What had happened before? In early March, the European Union (EU) imposed sanctions that affected the cryptocurrency industry. The EU is concerned that Russia may use digital assets to circumvent sanctions. ECB chief Christine Lagarde noted that measures should be taken to prevent this.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024