White House and G7 Announce New Guidance on Crypto Sanctions Evasion


"It's hard" to move billions of dollars in cryptocurrency, Redbord noted. Some oligarchs may turn to cryptocurrency, but it may not be their first choice. Redbord, who was in the US Treasury Department before joining TRM, said cryptocurrencies could be part of the sanctions evasion playbook, but oligarchs already have a complex set of tools they could tap into. go first to preserve your wealth, including using bogus businesses and buying high-end art.