Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion

Elliptic has reported that several cryptocurrency platforms linked to Russia are continuing to evade international sanctions imposed due to the country's actions in Ukraine. The analysis highlights that these platforms are facilitating transactions that undermine the effectiveness of the sanctions. Elliptic's findings suggest that the use of cryptocurrencies is becoming a significant method for Russian entities to bypass financial restrictions. The report calls for increased scrutiny and regulatory measures to address these ongoing evasion tactics.

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