Finance Regulation Technology
Finance Regulation Technology
Institute of International Finance
FRT Episode 116: Can Cryptocurrency be Used to Evade Sanctions?
27 minutes Posted Mar 8, 2022 at 10:30 pm.
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In this episode of FRT, Caroline Malcolm, Head of International Public Policy and Research for blockchain analytics firm Chainalysis, answers questions regarding cryptocurrency’s potential for use in sanctions evasion and humanitarian relief. Amid Russia’s invasion of Ukraine prompting rapid and unprecedented actions from the international community, Caroline provides in-depth explanations of how blockchain analytics tools trace transactions and expose trends in user behavior. We conclude that cryptocurrency, in this case, is not an effective tool for sanctions evasion at scale.