'We will continue to look at how the sanctions work and evaluate whether or not there are leakages, and we have the possibility to address them.' crypto cryptocurrency bitcoin $BTC
Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions.
U.S. Treasury Secretary Janet Yellen talked about the Treasury Department monitoring Russian efforts to evade sanctions using crypto at an event hosted by the University of Illinois Wednesday, the Wall Street Journal reported. Yellen said: The senators expressed their “concern that criminals, rogue states, and other actors may use digital assets and alternative payment platforms as a new means to hide cross-border transactions for nefarious purposes.”I often hear cryptocurrency mentioned and that is a channel to be watched.