How Digital Assets are Shaking Up Economic Sanctions
Ronald Allan Desiderio2024-05-30T02:09:17-04:00By: Editorial Staff, Date: May 8th, 2024 More and more people are turning to digital currencies, such as Bitcoin and Ethereum, for their financial needs, drawn by their convenience, security, and potential for investment growth. As blockchain technology continues to evolve, its potential to bypass traditional financial regulations is becoming increasingly evident. Due to the anonymity and decentralized nature of these currencies, authorities are facing challenges in enforcing economic sanctions. A report by the Government Accountability Office (GAO) in December 2023 stated that digital assets pose risks in implementing and enforcing sanctions. The GAO found that sanctioned actors [...]