Secondary sanctions should be imposed on cryptocurrency providers because they help Russia evade sanctions, US Treasury Undersecretary Wally Adeyemo said in written testimony before a Senate hearing on April 10.
“We are seeing Russia increasingly turn to alternative payment mechanisms, including stablecoins, in an attempt to circumvent our sanctions.”“said the official.
He proposed introducing secondary sanctions that would target foreign providers of digital assets. Cryptocurrency exchanges and foreign financial institutions do not have correspondent accounts in the United States, so Washington cannot impose direct sanctions against them.
Let us remember that after the start of the special operation to denazify Russia, unprecedented sanctions were imposed. The West acknowledged that Moscow treated them much better than expected.
Western countries are looking for new tools to close the loopholes with which Russia evades sanctions.
Source: Rossa Primavera
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