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Enforcing Sanctions in Crypto Isn't the Problem

The Breakdown

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Crypto Currency Will Not Save the Kremlin From Sanctions

The scale russia would need to circumvent all financial sanctions qe, would almost certainly render crypto currency as an ineffective primary tool for the state. This was echoed in a piece by the think tank atlantic council called, here's why crypto won't save the kremlin from sanctions. The Justice department and internal revenue service are increasingly skilled at tracing complex transactions on public block chains. It is unclear why any nation would want large sums of digital roubles on its balance sheet any time soon. Questions also remain about how widely accepted a digital rouble would be within russia.

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