Non-Fungible Insights: Blockchain Decrypted
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July 26, 2022
|1 min read
Russian Economic Sanctions May Heighten the Risks for Evasion Through Cryptocurrencies
Our Global Trade & Foreign Policy Insights Blog recently posted an article discussing the heightened risk of Russia sanctions evasion—including through the use of cryptocurrencies. Financial institutions, crypto markets and exchanges, and other persons and individuals subject to U.S. jurisdiction or doing business with U.S. Persons, should consider implementing enhanced due diligence and/or taking extra precautions to avoid prohibited transactions or parties.