Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International

Anna Baydakova

Nevertheless, there are still ways to move tens of thousands in cash across the Russian border without declaring them at customs control. For instance, you could buy the tether (USDT) stablecoin for cash in Moscow and then selling it for cash in London. No registration, no identity verification, no licenses, no guarantees.

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