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How lawmakers plan to punish crypto platforms that do business with sanctioned firms and individuals
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Cyberattack ransoms and cryptocurrency mining are unlikely to generate enough revenue to replace regular business activity in sanctioned nations, digital money experts and former law-enforcement officials told a US Senate hearing Thursday.
The amount of cash needed to operate a major economy far outstrips the ability of crypto markets to handle such volumes, witnesses said in testimony to the Senate’s Committee on Banking, Housing and Urban Affairs.
“You...
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