IMF Warns That Crypto Could Help Russia Skirt Sanctions ...Middle East

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IMF Warns That Crypto Could Help Russia Skirt Sanctions
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Crypto mining could enable sanctioned nations to evade punitive restrictions researchers the International Monetary Fund said. Sanctioned nations could monetize domestic energy supplies, which cannot be exported abroad, by mining cryptocurrencies such as Bitcoin, an IMF report has revealed. While the magnitude of capital flows to sanctioned actors is “relatively contained,” the IMF said that it still presents “risks to financial integrity.” “Regulators in the United States and United Kingdom, among others, have urged…

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