ABSTRACT

Russia Sanctions and Cryptocurrencies: Policy Issues [May 26, 2022]   [open pdf - 746KB]

From the Document: "The G-7 [Group of Seven] (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States), the European Union (EU), and other countries have responded to Russia's expanded invasion of Ukraine in February 2022 with swift, coordinated, and broad sanctions [hyperlink] designed to exert significant pressure on key Russian individuals and companies, as well as the broader Russian economy. As the multilateral coalition seeks to sustain economic pressure on Russia, and Russia seeks ways to mitigate the impact of sanctions, some in Congress [hyperlink] are asking whether cryptocurrencies offer Russia a way to evade sanctions. This Insight discusses related policy issues and proposed legislation[.]"

Report Number:
CRS Insight, IN11939
Author:
Publisher:
Date:
2022-05-26
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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