How effective is crypto as a tool for bypassing economic sanctions? What are the crypto intelligence technologies that can prevent that? Find out in our latest interview with Caroline Malcolm, Head of International Policy at chainalysis !
As pointed out by Caroline Malcolm, Head of International Policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities.
Addressing those concerns, Malcolm pointed out that in the last few years there has been substantial improvement in the crypto industry's anti-money laundering and counter-terrorism framework. “We still not living in a world where one can stay in the crypto economy and buy all the goods and services that one might like to buy.”, explains Malcolm.
“The blockchain crypto environment is much more streamlined, in fact, than any tools capable of disrupting Russia's use of a network of traditional bank wires or, frankly, even physical cash to evade sanctions”, said Malcolm.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Russia bombs theater in Mariupol where people sought shelterMariupol has been besieged by Russian forces since March 1. After weeks of failed attempts to establish safe civilian evacuation corridors, about 20,000 people managed to leave the city on Tuesday,…
Read more »
US to send Ukraine $800M in military aid; Russia steps up attacks, negotiations optimistic.ABC News Special Report: President Biden delivers remarks on the assistance the U.S. is providing to Ukraine. Watch live:
Read more »
As diplomats hint of progress in talks, Ukraine accuses Russia of bombing Mariupol theaterThe strikes in Mariupol and other cities served as a vivid reminder of international concerns about whether Russia would hold to any negotiated truce.
Read more »
Russia could default on sovereign debt, as sanctions cripple its ability to repay investorsThe Russian government may be headed for its first foreign debt default since the Bolshevik Party shocked Western investors in 1918 by refusing to repay the borrowings of Czar Nicholas II.
Read more »
'Nothing is off limits' as Congress prepares sweeping new Russia sanctions bill, analyst saysCongressional leaders are preparing a ”wide ranging” economic sanctions bill that will strip Russia and its ally Belarus of permanent normalized trade status. The bill may even include provisions aimed at China.
Read more »