Digital Currency 2 The Cryptocurrency Arms Race of the Russian-Ukrainian War

The Cryptocurrency Arms Race of the Russian-Ukrainian War

-Cryptocurrency can be used to raise money quickly in a crisis situation
-So far, there has been no widespread use of cryptocurrency for sanctions evasion
-Compliance tools and government intelligence agencies have been effective at catching and deterring illegal activity on blockchain
-If crypto scales to the magnitude the industry expects, it could become a tool for far greater financial malfeasance
-The existing ad hoc legal framework used by private-sector companies and governments has served the industry well thus far, but future growth requires substantial planning

Digital Currency The Cryptocurrency Arms Race of the Russian-Ukrainian War
The Cryptocurrency Arms Race of the Russian-Ukrainian War 3

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