US will watch out for possible sanctions evasion by Russia through cryptocurrencies
According to Janet Yellen, this is not the only sector where restrictions can be circumvented
03.03.2022 - 12:15
340
1 min
0
What’s new? US Treasury Secretary Janet Yellen stated that the US senators are concerned about Russia’s use of cryptocurrencies to circumvent large-scale Western sanctions. Therefore, as stressed by Yellen, the United States will continue to closely monitor the situation and even increase monitoring of Moscow’s actions, The Wall Street Journal reports.
What else does Yellen say? US Treasury chief stressed:
“I often hear cryptocurrency mentioned, and that is a channel to be watched. It’s not that that sector is completely one where things can be evaded,” the minister pointed out.
What had happened before? In late February, The New York Times wrote that Russia can use cryptocurrency to ease US sanctions. They were imposed on the country because of the situation in Ukraine. The Russian companies have many cryptocurrency tools at their disposal to circumvent the sanctions, including the so-called digital ruble, the publication wrote.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 860
BTC
+0.98%
-
Ethereum
$3 163.04
ETH
+3.48%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.13
XRP
+28.43%
-
Dogecoin
$0.373008
DOGE
+2.59%
-
Cardano
$0.753901
ADA
+11.41%
-
Bitcoin Cash
$466.08
BCH
+9.47%
-
Polkadot
$5.56
DOT
+10.4%
-
Litecoin
$93.68
LTC
+11.15%
-
Stellar XLM
$0.181516
XLM
+32.46%