Russia avoiding sanctions by using Crypto is one of the dumbest things I’ve seen in a while
The FBI,CIA, MI5 and every other intelligence agency loves BTC. Its a public ledger that you can look at with no warrant
Look at the Canadian Truckers
They will force the CEXs to black list the wallets. The Bitfinex hackers has over 20,000+ address but they tracked and black listed each one
Russia could make 1 billion addresses but if even 10 000 track to one russian one they will be black listed
As for stablecoins USDC, USDT both can freeze wallets and make coins worthless
Because most POS coins are controlled by DEVs they can also just fork or have resolutions to black list coins. ETC exists because of a hack and people seriously believe ETH Devs want to be put on the CIA and EU naughty list over high treason
If you seriously bought into the "unstoppable payments" you need to do more research. 99.99% of crypto has easier to halt transactions than just using shadow banking and traditional fraud
Using a fake ID and proxy in a developing nation is way easier than moving crypto
XMR and other privacy coins are also just as bad because of off and on ramps.
The idea of Russia trying to off load $1 billion of XMR on a Peer to peer platform is laughable if not insane
Edit: Just found out Ukraine is now pushing CEXs to block Russian accounts
submitted by /u/GodlordHerus
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