Elliptic Report: Russian Crypto Platforms Continue to Evade Sanctions, Impacting Bitcoin (BTC) and Crypto Markets

Blockchain analytics firm Elliptic has issued a new report highlighting the ongoing efforts of Russia-linked cryptocurrency platforms to evade international sanctions. The analysis details how these entities are using digital assets to circumvent restrictions imposed after the invasion of Ukraine, potentially creating compliance risks for the broader crypto ecosystem. This activity underscores persistent regulatory challenges in the sector, affecting market integrity and drawing increased scrutiny from global watchdogs. The situation highlights the need for enhanced due diligence by exchanges and financial institutions dealing with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) to prevent illicit finance flows.