The Russian government is not using cryptocurrencies to evade economic sanctions in the wake of Russia’s invasion of Ukraine, a panel of experts told members of a Senate committee on Thursday.
“You can’t flip a switch overnight and run a G20 economy on cryptocurrency,” said Michael Mosier, former acting director of the Financial Crimes Enforcement Network, or FinCEN, referring the forum comprising the world’s 20 largest economies. Democratic Sen. Elizabeth Warren of Massachusetts argued that the U.S. has already “detected the use of crypto on the part of North Korea, Venezuela and Iran as tools for sanctions evasion,” while FinCEN recently warned that Russians “may attempt to use crypto and anonymizing tools to evade U.S. sanctions and protect their assets around the globe.”
Opponents of the legislation argued that it is overly broad and threatens to block ordinary Russians who may or may not support the Putin regime and its war in Ukraine, from accessing global digital asset marketplaces.
He is targeting civilians though. Children.
Bitcoin gives us a clear market structure, and we can look at Fibonacci levels $40134 and $39890 as a new potential higher low. Y’all follow kimcaden9, she is an underrrated Bitcoiner, her tweets & tips have been helpful so far. Follow her
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: commondreams - 🏆 530. / 51 Read more »