Anti-Financial Crime & Financial Crime Compliance
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Crypto, Sanctions

CLAIMS: Binance CEO denies crypto being used to evade sanctions; alleges it’s a ‘myth’

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By Alisha Houlihan for AMLi

The CEO of Binance – which has repeatedly come under fire for its compliance issues – now claims it’s a myth that cryptos are being used to evade sanctions on the Russian elite.

Changpeng Zhao maintains “crypto is too traceable,” adding that “governments around the world are increasingly very good at tracking crypto transactions.”

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