Economist: Gold and the Yuan Are Being Used for Sanctions Evasion, Not Crypto

CoinDesk published this video item, entitled “Economist: Gold and the Yuan Are Being Used for Sanctions Evasion, Not Crypto” – below is their description.

European Central Bank Chief Christine Lagarde is raising concerns regarding cryptocurrency being used for sanctions evasion, and Tressis’ Daniel Lacalle explains why he believes other alternatives like the Chinese yuan and gold are being used for the same purpose. Plus, a conversation on the state of Russia’s economy as the war in Ukraine wages on.

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In This Story: Ukraine

Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.

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