2 Venezuelans and 5 Russians Accused of Using Cryptocurrency to Evade Sanctions

[Google News Bot]

The United States today announced the takedown of a Russian-Venezuelan network that used Tether (USDT) to trade outside the traditional banking structure, thus evading international sanctions. One of the most discussed geopolitical scenarios for cryptocurrencies is their ability to evade conventional financial restrictions imposed by world powers against their adversaries—but this workaround is becoming increasingly difficult to execute. A few hours ago, the U.S. Department of Justice announced that it was pressing charges against five Russian and two Venezuelan nationals accused of maintai ...

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