Cryptocurrencies
Crypto World Grapples With Challenge of How to Handle Sanctions
Financial penalties imposed against Russia for its invasion of Ukraine are prompting speculation about how digital currencies can help evade them.
Photographer: Tiffany Hagler-Geard/Bloomberg
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Cryptocurrency exchanges are still trying to figure out how to deal with western sanctions against Russia after its invasion of Ukraine.
U.S. measures announced Thursday aim to limit Russia’s ability to do business in dollars and some other international currencies. They include penalties on the nation’s major banks, as well as restrictions on elite citizens and their family members.