White House, G7 Say New Guidance Is Coming on Crypto Sanctions Evasion

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“It’s difficult” to move billions of dollars worth of crypto, Redbord kept in mind. It’s possible some oligarchs may rely on crypto, however that might not be their very first option. Redbord, who was with the U.S. Treasury Department prior to signing up with TRM, stated crypto might be part of the sanctions-evasion playbook, however oligarchs currently have a complex set of tools they may rely on very first to protect their wealth, consisting of making use of shell business and acquiring high-end art.


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