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The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using Crypto to Avoid Sanctions The Blockchain Association has
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But what if we look to individuals, such as, say, the dozens of Russian oligarchs who now find themselves on the Treasury Department's Office of Foreign Asset Control's Specially Designated Nationals list? Surely, they will be turning to crypto to evade sanctions; ri–no, wait, it seems that they, too, are
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A supposedly shuttered U.S. steel plant owned by Ukrainian billionaire Ihor Kolomoisky is said to have been mining bitcoin.Kolomoyskyy, one of the most influential people in Ukraine with net worth of $1.1 billion, is the former owner of PrivatBank, a major privately owned bank in the country. He was also
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