{"id":4949,"date":"2022-03-05T00:36:24","date_gmt":"2022-03-04T23:36:24","guid":{"rendered":"https:\/\/costops.com\/index.php\/2022\/03\/05\/binance-founder-says-cryptocurrencies-wont-help-russia-evade-sanctions\/"},"modified":"2022-03-05T00:36:24","modified_gmt":"2022-03-04T23:36:24","slug":"binance-founder-says-cryptocurrencies-wont-help-russia-evade-sanctions","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/03\/05\/binance-founder-says-cryptocurrencies-wont-help-russia-evade-sanctions\/","title":{"rendered":"Binance founder says cryptocurrencies won\u2019t help Russia evade sanctions"},"content":{"rendered":"<p>Trading platform boss says &#8220;\u2018crypto is too small for Russia\u2019 and more focus should be placed on the banking system<\/p>\n<p>The founder of Binance, the cryptocurrency trading platform, has dismissed fears that virtual money could be used by the Kremlin to <a href=\"https:\/\/www.theguardian.com\/business\/2022\/mar\/01\/could-putin-be-exploring-cryptocurrencies-to-bypass-western-sanctions-russia-ukraine-invasion\">evade sanctions<\/a> as he claimed that \u201ccrypto is too small for Russia\u201d.<\/p>\n<p>Changpeng Zhao said cryptocurrencies also defeated attempts to work around sanctions by being too traceable, adding that more focus should be placed on banks. In a statement Zhao said the media and politicians should be focusing on conventional lenders and the oil and gas market.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/mar\/04\/binance-founder-says-cryptocurrencies-wont-help-russia-evade-sanctions\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/ed6cbc4515b88334ee4b822b20db752cf55fa080\/0_179_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=2844e0f858902a653a50f1d0533112f8\" title=\"Binance founder says cryptocurrencies won\u2019t help Russia evade sanctions\" \/>Trading platform boss says &#8220;\u2018crypto is too small for Russia\u2019 and more focus should be placed on the banking system<br \/>\nThe founder of Binance, the cryptocurrency trading platform, has dismissed fears that virtual money could be used by the Kremlin to evade sanctions as he claimed that \u201ccrypto is too small for Russia\u201d.<br \/>\nChangpeng Zhao said cryptocurrencies also defeated attempts to work around sanctions by being too traceable, adding that more focus should be placed on banks. In a statement Zhao said the media and politicians should be focusing on conventional lenders and the oil and gas market. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trading platform boss says &#8220;\u2018crypto is too small for Russia\u2019 and more focus should be placed on the banking system The founder of Binance, the cryptocurrency trading platform, has dismissed fears that virtual money could be used by the Kremlin to evade sanctions as he claimed that \u201ccrypto is too small for Russia\u201d. Changpeng Zhao &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/03\/05\/binance-founder-says-cryptocurrencies-wont-help-russia-evade-sanctions\/\"> <span class=\"screen-reader-text\">Binance founder says cryptocurrencies won\u2019t help Russia evade sanctions<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":4950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4949"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4949"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4950"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4949"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}