ECB President Warns Crypto Companies Against Helping Russians Avoid Sanctions

The President of the European Central Bank, who’s safe to describe as a cryptocurrency critic, asserted during today’s conference that the institution has noticed digital assets are being used by Russians to bypass the sanctions imposed by the West.

Shortly after Russia launched its military operation against Ukraine, the EU and NATO started imposing countless sanctions on President Putin, the people around him, the nation’s infrastructure, and everything in between.in the days after the war broke out, some watchdogs suggested that oligarchs are using such assets to bypass the sanctions.outlined reasonsChristine Lagarde, ECB’s current president, and famous crypto critic, though, still believes in the aforementioned narrative.

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