Yellen says Treasury will monitor crypto, other channels for sanctions evasion

2022/03/03 01:56

In response to a letter from four Senate Democrats raising concerns about cryptocurrencies' potential use by Russia to avoid sanctions, Treasury Secretary Janet Yellen has said that the U.S. will monitor the situation. “We will continue to look at how the sanctions work and evaluate whether or not there are leakages, and we have the possibility to address them,” she told a crowd at the University of Illinois Chicago. But by the sounds of things, she's not too concerned. “I often hear cryptocurrency mentioned, and that is a channel to be watched,” she said, before adding: “It’s not that that sector is completely one where things can be evaded."
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