Resource Center

Russians will find it hard to use cryptocurrency for large sanctions evasion

Regulators have been paying an increasing amount of attention to crime occurring in the cryptocurrency space. The concern is that digital assets can be used to facilitate money laundering. While crime has been occurring, that is just par for the course with any new technology, says the director of regulatory affairs and compliance policy at Solidus Labs. Crypto wallets store private keys, or passwords, that let users access crypto registered on a blockchain and then transact the currency. Unhosted wallets sit outside the centralized exchanges and operate without any intermediary or governance, but that does not mean that they are inherently malicious or illegal.

S&P Global Market Intelligence
March 25, 2022

Stay informed

Get the latest news about crypto, DeFi
& market integrity
Loader Animation