US Senators express concern over Russian use of crypto assets to evade sanctions. Senators say they’re inquiring on Treasury’s “progress in monitoring and enforcing sanctions compliance by the cryptocurrency industry” The letter was authored by Sens. Elizabeth Warren, D-Mass., a longtime critic of crypto’s price volatility and potentially lax cybersecurity controls. The senators say Russia could follow a similar course – potentially using darknet marketplaces powered by crypto to move funds, using crypto wallets and mixing services to transfer and hide wealth, or even deploying a digital ruble to conduct foreign trade without converting the Russian currency into dollars.”]
Source: https://www.cuinfosecurity.com/us-senators-express-concern-over-russian-use-crypto-a-18658