Leopoldo Lopez and Kristofer Doucette strongly urge Western governments to close the cryptocurrency loophole that autocratic regimes are exploiting to undermine sanctions' effectiveness.

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Leopoldo Lopez and Kristofer Doucette strongly urge Western governments to close the cryptocurrency loophole that autocratic regimes are exploiting to undermine sanctions' effectiveness.

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Doucette and Sigal Mandelker, a lawyer who previously worked at the U.S. Treasury Department, said during a conference organized by the Wilson Center in Washington that the U.S. administration is making efforts to increase regulation and encourage other countries to improve supervision.
Lopez and Doucette put out a strong call to action for Western governments, particularly the US. To safeguard sanctions’ effectiveness, they must close the loophole autocratic regimes are exploiting with cryptocurrency, they said.

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