Yankun Guo Quoted in Blockworks: "Crypto Exchanges Weigh Blocking Russian Accounts as Sanctions Intensify"
Ice Miller LLP partner
Yankun Guo was quoted in the
Blockworks article, "Crypto Exchanges Weigh Blocking Russian Accounts as Sanctions Intensify."
The article included:
Increasingly aggressive sanctions, including the Department of the Treasury blocking Russia’s central bank from transacting in US dollars and Switzerland freezing Russian financial assets, have lawmakers and industry members wondering if Russian businesses will turn toward cryptocurrency to work around the ruling.
“A US company using crypto to sidestep sanctions with Russia will be in violation of US laws. It is as simple as that,” Yankun Guo, partner at Ice Miller, said. “It is plausible that certain companies will try to circumvent sanctions by using crypto…only those companies willing to take the risk of violating sanctions are likely to do this.”
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