FX Empire Cites Flashpoint: Crypto Can’t Save Russia From Sanctions

March 9, 2022

FX Empire cites Flashpoint’s intelligence team.

“Even considering that the Russian government could legalize, tax and then ramp up this capacity… revenues from this would account for a negligible fraction of what the Russian economy is losing with the present sanctions regime.”

Flashpoint told FX Empire that crypto, mining, and CBDCs cannot meaningfully help Russia evade sanctions at a state level.

Can crypto or crypto mining help Russia bypass Western sanctions?

No. Flashpoint intelligence assesses that even aggressive legalization and taxation of crypto mining would generate negligible revenue compared to Russia’s economic losses.

Why aren’t CBDCs or alternative payment systems viable sanctions workarounds?

Systems like Russia’s SPFS or China’s digital yuan lack the scale, adoption, and political backing to replace SWIFT or offset sanctions pressure.

How does Flashpoint evaluate financial sanctions evasion risks?

Flashpoint intelligence analyzes geopolitical signaling, financial infrastructure capacity, and illicit market behavior to assess whether emerging technologies can enable sanctions evasion.

Subscribe to our weekly threat intelligence newsletter

Interested to see top news from Flashpoint hit your inbox directly? Subscribe to our newsletter to receive curated content on a bi-weekly basis.