Russia’s billion dollar crypto market is facing new scrutiny from the West in response to Moscow’s invasion of Ukraine amid warnings that digital currencies are being used to help evade economic sanctions.
The U.S. Department of the Treasury on April 20 announced the names of entities and individuals in Russia that it says have been involved in attempts to evade sanctions previously imposed by the United States and its international partners in the wake of the Kremlin’s invasion of Ukraine, which began on Feb. 24.
