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Treasury warns against Russia’s efforts to evade sanctions with cryptocurrencies

Treasury warns against Russia's efforts to evade sanctions with cryptocurrencies

Ether has hugely outperformed bitcoin since both cryptocurrencies formed a bottom in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain called “the merge.”

Yuriko Nakao | Getty Images

Russian President Vladimir Putin could use cryptocurrencies to evade U.S. and other sanctions launched against the Kremlin for its unprovoked invasion of Ukraine, a Treasury official told lawmakers…


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