Russia Usa city Elizabeth, county Warren county Warren Ukraine bitcoin cryptocurrency Russia Usa city Elizabeth, county Warren county Warren Ukraine

Are Russia’s elite really using cryptocurrency to evade sanctions?

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theconversation.com

Fearing Russia’s elite will evade economic sanctions by converting their wealth to cryptocurrency, high-profile US Democratic senator Elizabeth Warren has introduced a bill into US Congress to stymie Russian crypto transactions.

Warren warned a Senate committee hearing: So no one can argue that Russia can evade all sanctions by moving all its assets into crypto.

But for Putin’s oligarchs who are trying to hide, you know, a billion or two of their wealth, crypto looks like a pretty good option.

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