“Digital currencies provide the easiest method for evading financial sanctions, whether those sanctions are imposed by the United Nations Security Council or are unilateral sanctions imposed by countries, such as the United States. However, in 4 the real-world digital currencies are not as important as fiat currencies in their utility to evade sanctions.”
Do you agree with this opinion? You must give reasons for your answer. In answering the question, you should discuss both the UN Security Council and the United States’ unilateral sanctions regimes.
Compulsory Source:
Wronka, Christoph, Digital currencies and economic sanctions: the increasing risk of sanction evasion, Journal of Financial Crime, Vol 29 No 4 2022 pp 1269-1282
