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The CEO of Ripple explains why Russia can’t use cryptocurrency to evade financial sanctions.

Garlinghouse: Russia Can’t Use Crypto to Evade Sanctions

He further added: “RippleNet, for example, has always been – and remains today – committed to NOT working with sanctioned banks or countries that are restricted counterparties. Ripple and our customers support and enforce OFAC laws and KYC/AML.”

“Instead of listening to responsible players who have been clear they will abide by legal sanctions, some pundits and media insist on continuing to paint Crypto as the Silk Road – both an exceptionally outdated and tired argument which simply doesn’t hold true today,” he concluded.

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