<ul><li>SWIFT is enhancing its crypto monitoring efforts to combat sanctions evasion by Russia and China.</li><li>The global financial messaging network aims to track cryptocurrency transactions related to sanctions evasion and is planning live digital asset transaction tests in 2025.</li><li>U.S. Treasury Department is targeting entities using cryptocurrencies to evade sanctions, particularly focusing on Russia, North Korea, and Venezuela.</li><li>OFAC has sanctioned entities in Russia, North Korea, and Venezuela for crypto irregularities, emphasizing the need to prevent illicit money movements through digital assets.</li></ul>

SWIFT Tightens Crypto Oversight Amid Russia-China Moves

Discover more