Russian Bitcoin and Other Cryptocurrencies Could Be Part of Future Sanctions – The Wall Street Journal

Russian Bitcoin and Other Cryptocurrencies Could Be Part of Future Sanctions – The Wall Street Journal

Spread the love

Washington is considering a novel area for possible further sanctions against Russia: cryptocurrencies.

Targeting the country’s access to cryptocurrencies, such as bitcoin and ether, would take sanctions policy into uncharted territory. Blocking transactions would be challenging, since by nature private, digital currencies are designed to exist without borders and for the most part outside the government-regulated financial system.

Tags
,

Related News

stocks-outshine-bitcoin-again-ahead-of-memorial-day-weekend-(cryptocurrency:btc-usd)-–-seeking-alpha
growth-of-alternative-bitcoin-investment-vehicles-makes-popular-on-chain-metrics-less-reliable-–-forbes
$36,000-or-$19,000?-where-is-bitcoin-price-heading-next-–-fxstreet