Russia’s invasion of Ukraine and the West’s subsequent sanctions on Russian banks, companies and elites have intensified this debate. Warnings from politicians and regulators in America and Europe suggest fears are high that people and entities hit with sanctions, and those wanting to keep doing business with them, will use cryptocurrencies and the exchanges on which they are traded to dodge the restrictions. Were they able to move money around without governments snooping, it would partly disable the West’s main weapon against Vladimir Putin. Will Putin Use Crypto to dodge sanctions?
