Cryptoassets and sanctions: How easy is it to freeze cryptoassets?
July 14, 2022
The President of the European Central Bank, Christine Lagarde, has warned that cryptocurrencies are being used by Russian corporates and individuals to bypass sanctions over the war in Ukraine. This concern has been echoed by governments around the world. The G7 leaders, in a statement issued by the White House, stressed that measures are in place to pursue those who attempt to use cryptoassets to evade sanctions.