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Dr Paul Mazzola, Lecturer Banking and Finance, Faculty of Business and Law, University of Wollongong

Are Russia's elite really using cryptocurrency to evade sanctions?

United States Russia Elizabeth Warren Vladimir Putin Binance Ukraine
Anatoly Maltsev/EPA

Fearing Russia’s elite will evade economic sanctions by converting their wealth to cryptocurrency, high-profile US Democratic senator Elizabeth Warren has introduced a bill into US Congress to stymie Russian crypto transactions.

Warren warned a Senate committee hearing:

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