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Russian Sanctions Evasion

Kyrgyz Crypto Platforms Witness $4.2 Billion Surge Amid Russian Sanctions Evasion

Kyrgyz cryptocurrency exchanges have become critical conduits for Russian entities evading international sanctions, with transaction volumes skyrocketing from $59 million in 2022 to $4.2 billion by mid-2024. This represents an approximately 7000% increase over the period as Moscow leverages Central… Read More »Kyrgyz Crypto Platforms Witness $4.2 Billion Surge Amid Russian Sanctions Evasion

Kyrgyzstan Crypto Platforms Used for Russian Sanction Evasion Amid Weak Governance

Kyrgyzstan’s cryptocurrency sector has become dominated by Russia-linked entities exploiting the country’s platforms to circumvent international sanctions, fueled by lenient regulations and systemic governance failures. Transactions worth over $4.2 billion flowed through Kyrgyz crypto platforms in the first seven months… Read More »Kyrgyzstan Crypto Platforms Used for Russian Sanction Evasion Amid Weak Governance