U.S. sanctions Russian entities accused of enabling digital currency sanctions evasion

WASHINGTON — The U.S. on Monday imposed sanctions on a collection of fintech firms and people, mostly in Russia, accused of enabling sanctions evasion.

Included in Monday’s sanctions are a group of Moscow-based fintech companies and a Russia and UAE-based virtual currency exchange, among others. Experts say an increased reliance on cryptocurrency would be an inevitable avenue for Russia to try to prop up its financial transactions, but Treasury officials have rejected the claim that cryptocurrency could be a major driver of sanctions evasion.Italy follows France in raising security after the IS-claimed concert hall attack in Russia“Russia is increasingly turning to alternative payment mechanisms to circumvent U.S.

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