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Lagarde Says Crypto Being Used to Evade Russian Sanctions

  • Industry experts not seeing Russians use crypto to dodge curbs
  • ECB’s Panetta warns crypto may be ‘major’ sanctions loophole
Christine Lagarde

Christine Lagarde

Photographer: Andreas Arnold/Bloomberg
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European Central Bank President Christine Lagarde said there are signs that some Russians are attempting to bypass sanctions over the war in Ukraine by converting rubles into cryptocurrencies and stablecoins.