WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
WebsCrypto
Markets

ECB President: Russians Use Cryptocurrencies to Bypass Sanctions

By WebsCryptoMarch 23, 20221 Min Read
ECB President: Russians Use Cryptocurrencies to Bypass Sanctions
Share
Facebook Twitter Telegram LinkedIn Reddit Email

European Central Bank President Christine Lagarde said on Tuesday that there were signs some Russians were trying to circumvent sanctions by exchanging rubles for cryptocurrencies and stablecoins.

Speaking at the BIS Innovation Summit 2022 on Tuesday, ECB President Christine Lagarde said: “We are seeing the ruble going into stablecoins, going into cryptocurrencies in volume, which is currently the highest we’ve seen since 2021.

Lagarde added: “As we speak, cryptoassets are definitely being used as a way to try to circumvent sanctions. European officials have expressed concern that digital assets could be used to weaken the effects of sanctions introduced in response to Russia’s invasion of Ukraine.

Lagarde also warned that cryptocurrency exchanges could become accomplices in such crimes. We have taken steps to make it clear to all providers who are helping sanctioned individuals or businesses exchange, trade, or offer cryptocurrency-related assets that they are becoming accomplices in sanctions evasion.

Related:  Texas Passes Groundbreaking Law to Protect Bitcoin Holders, Miners, and Developers
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Business Crypto Cryptocurrency DeFi Exchange
Related News

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities

Why Is the CFTC Suing Binance?

Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms

Dogecoin Foundation Releases Major Update to Libdogecoin Toolkit, Supports BIP-39 Seeds and QR Code Generation

Billionaire Tim Draper: Companies Should Hold Bitcoin After SVB Bankruptcy

The Latest
Markets March 28, 2023
US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases
Markets March 28, 2023
CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities
Business March 28, 2023
Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection
News March 28, 2023
Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever
Opinions March 28, 2023
Why Is the CFTC Suing Binance?
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

Type above and press Enter to search. Press Esc to cancel.