Russian officials stated that sanctions cannot prevent the country from entering the cryptocurrency market

2025-03-06 22:05:54

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ChainCatcher news, according to The Block, Anton Gorelkin, vice chairman of the Information Policy Committee of the State Duma of Russia, recently stated that Western sanctions cannot completely prevent Russians from using the cryptocurrency market or circumventing sanctions through cryptocurrencies.

Gorelkin wrote on his Telegram channel: "It should be acknowledged that it is impossible to completely block Russia's access to the cryptocurrency market; cryptocurrencies will still be one of the most effective tools for circumventing sanctions, although USDT can safely be crossed off this list."

Gorelkin expressed his belief that the recent sanctions will not be the last instance of Western countries exerting pressure on all aspects of cryptocurrency infrastructure for political purposes.

Previous news, stablecoin issuer Tether has frozen approximately $28 million of USDT funds belonging to the sanctioned Russian cryptocurrency exchange Garantex, forcing the platform to suspend all operations.

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