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Crypto's impact on sanctions: Are regulators' concerns justified?
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The use of cryptocurrencies to evade international sanctions from various international governmental organizations like the United Nations (UN), the International Monetary Fund (IMF) and the World Bank, among others, has been a concern for regulators ever since the creation of cryptocurrencies.
The rapidly increasing adoption of digital currencies in the last two years makes this discussion more important than ever, especially with the advent of central bank digital currencies (CBDCs) like the digital yuan.
In an interview on Nov.17, United States Deputy Treasury Secretary Wally Adeyemo said that the efficacy of U.S. sanctions would not be undermined by central bank digital currencies.
Adeyemo's remarks follow comments from sanctioned
Read more on cointelegraph.comAbout this in other media
FTX's Sam Bankman-Fried says crypto 'has the potential to improve a lot of people's lives,' but still needs a lot more clarity from US regulators markets.businessinsider.com /2 years ago
CIA Running a ‘Number of’ Active Crypto Projects, Director Claims cryptonews.com /2 years ago
Proposed bill banning crypto payments could mean jail for violations economictimes.indiatimes.com /2 years ago
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