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U.S. Treasury Department’s report says cryptocurrencies could undermine sanctions.

The U.S. Treasury Department said in a report that cryptocurrencies could undermine the effectiveness of U.S. sanctions. The report followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind the illegal activity. It noted that “digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions […]

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