Sara
Sun Jul 07 2024
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5 answers
944
Why are cryptocurrencies a powerful tool for sanctions evasion?
Could you elaborate on why cryptocurrencies are considered a potent instrument for evading sanctions? Their decentralized nature and anonymity features seem to be a significant factor, but how exactly do they facilitate this process? Do they offer unique advantages compared to traditional financial systems? Furthermore, are there any specific cases or trends that demonstrate how cryptocurrencies have been utilized for sanctions evasion, and what are the potential implications for international policy and regulation?
