- The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries.
- Crypto markets are hardly liquid enough to support systematic sanctions evasion, cryptocurrency could potentially play a role in financing Russia’s foreign trade, after its banks were cut from the global payment messaging network SWIFT.
- Over 18% of all cryptocurrency received by Eastern Europe comes from addresses associated with risky or illicit activity, more than any other region.
War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports
