'Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain,' said the senator. crypto bitcoin $BTC
US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia
Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. Senator Warren’s tweet was heavily criticized in the crypto community. Some people called her ignorant while others said she lied. One person tweeted: “So what you’re saying is that a stateless, permissionless, decentralized, and censorship-resistant currency is out of your control so it must be stopped?”
For example, the article mentions “new tools developed in Russia” that can help mask the origin of cryptocurrency transactions. However, it does not explain what the tools are or give any reference, Brito noted. “And to think that ransomware could make up the income lost to sanctions is to misunderstand the scale of the blockade being imposed,” he added, elaborating:
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