Russia, Venezuela, China have explored using blockchain to evade sanctions: report

Russia, Venezuela, China have explored using blockchain to evade sanctions: report

“While cryptocurrencies and blockchain technology may benefit millions of consumers by reducing the role of intermediaries and increasing transparency, U.S. adversaries see this development as an opportunity to reduce Washington’s ability to impose economic sanctions, which depend on intermediaries like traditional banks to monitor compliance,” write FDD adjunct fellow Yaya J.