According to the report, the pandemic and war have led to an accelerated “cryptoization” in emerging markets due to increased speculative interest during the pandemic and then attempts to evade sanctions. Given compliance within the crypto industry, the use of cryptocurrency to evade sanctions is impractical, the report found. The use of mixers, decentralized exchanges and privacy coins may allow some circumvention, but it would be restricted by limited liquidity.
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Source: Cryptocurrency - investing.com
