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Last updated: June 19, 2025, 09:37  |  Written by: Erik Voorhees

Hackernoon
Hackernoon

Russian oligarchs probably aren’t using crypto to evade sanctions

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The Heads Of Some Of

The heads of some of the world’s biggest centralized crypto exchanges (CEXes) have hit back against critics who claim crypto could be used by Russian oligarchs attempting to evade

In a twitter post earlier today, Coinbase CEO Brian Armstrong cast doubt on whether Russian oligarchs would actually use crypto, saying that the open, and transparent nature of digital

And in the middle of all these, there’s a simple hypothesis that crypto could provide Russian oligarchs a way to circumvent sanctions. Of course crypto should be able to do this, given

Coinbase Ceo Brian Armstrong Has

Coinbase CEO Brian Armstrong has responded to the spreading fears that Russia could use cryptocurrencies to skirt sanctions. He said there wasn't a high risk of

Russian Oligarchs Unlikely to Use Crypto to Dodge Sanctions

The latest take comes from Brian Armstrong, Coinbase CEO, who believes “everyone deserved access to basic financial services unless the law says otherwise.” The

Erik Voorhees can be reached at [email protected].

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