“It is difficult” to move billions of dollars in crypto, Redbord noted. Some oligarchs may turn to crypto, but it may not be their first choice. Redbord, who worked at the US Treasury Department before joining TRM, said crypto could be part of the strategy to evade sanctions, but added that oligarchs already have a complex set of tools they could draw on. firstly to preserve his wealth, including the use of shell companies and the purchase of luxury art.
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Mar