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G7 Countries Taking Measures to Prevent Crypto Use to Evade Sanctions

2022/03/05 07:47

According to News.bitcoin, the Group of Seven (G7) nations are reportedly examining ways to stop individuals and companies from using cryptocurrencies to circumvent Western sanctions following Russia’s invasion of Ukraine. Finance ministers and central bank governors of the G7 countries held virtual meetings this week together with Ukraine’s Finance Minister Serhiy Marchenko. Germany’s minister of finance, Christian Lindner, explained that “It’s about maximally isolating Russia at all levels” and having a “maximum ability to sanction,” which he said includes crypto.
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