US Treasury Warns, Russia could use Crypto currency to dodge sanctions.

Created By Jyotish

US is worried that Russia could use cryptocurrencies to evade economic sanctions that were put after its invasion of Ukraine.

Treasury’s assistant secretary for Terrorist Financing & Financial Crimes, Elizabeth Rosenberg responded positively when she was asked if Russia is using Crypto 

Some Russian businesses who are attempting to utilise cryptocurrency to evade sanctions have already been recognised by the Treasury Department

Earlier, it was discovered that some twenty people and two companies, including a paramilitary neo-Nazi outfit, were assisting Russia in digital financing war

Additionally, Russia revealed its CBDC intentions and stated that it will engage in international trade.

The US Treasury affirmed that tools are used to conceal cryptocurrency transactions and other technology that facilitates anonymity 

The US Treasury previously imposed penalties on a number of cryptocurrency mixers, including Tornado Cash.