Blockchain data platform Chainalysis explored if Bitcoin (CRYPTO: BTC) can be used for mass Russian sanctions evasion in a recent blog. Here are their findings:
The Ticket Size: Chainalysis relied on a 2017 study by the National Economic Bureau, which estimated that Russian oligarchs hold nearly $800 billion in offshore funds. The platform used the number for its analysis even though it did not account for assets held within Russia.
