US officials say it would be nearly impossible for Russia to “flip the switch” and convert to cryptocurrency to stabilize its sanctioned economy. But they caution that Russian elites and entities may yet try to skirt the measures by transferring and obfuscating funds across the blockchain. Experts discussed the growing threat of eventual cyber escalation in the conflict, with the sanctioned Russian President Vladimir Putin potentially lashing out at the U.S. or its Western allies by infiltrating critical infrastructure or government agencies. To make such a pivot work, Russia would have been forced to build up related infrastructure years ago.”]
Source: https://www.careersinfosecurity.com/us-officials-push-collaboration-aml-controls-for-crypto-a-18662