European Central Bank (ECB) President Christine Lagarde shared her concerns on the growing use of cryptocurrencies to dodge sanctions against Russia over the conflict in Ukraine. This, despite the continued diminution of the ruble-denominated crypto volume.
Earlier this week, the ECB chief said she was “most concerned” about the high volume of Russian rubles being converted to cryptocurrencies following the country sustaining a series of sanctions over its aggression towards Ukraine.
Lagarde insisted crypto assets are being used “to circumvent the sanctions that have been decided by many countries around the world against Russia and a particular and specific number of players.”
ECB president also warned the community, saying:
Source: Cryptocurrency - investing.com
