NASDAQ Cites Flashpoint: Crypto Can’t Offset Russia Sanctions

March 9, 2022

NASDAQ cites Flashpoint’s intelligence team.

“Even considering that the Russian government could legalize, tax and then ramp up this capacity… revenues from this would account for a negligible fraction of what the Russian economy is losing with the present sanctions regime.”

Flashpoint told NASDAQ that crypto, mining, and CBDCs cannot materially help Russia evade Western sanctions.

Can crypto or crypto mining help Russia bypass sanctions at a national level?

No. Flashpoint intelligence assesses that even full legalization and aggressive taxation of crypto mining would produce only negligible revenue relative to Russia’s sanction-driven losses.

Why aren’t CBDCs or SWIFT alternatives viable workarounds for Russia?

Alternative systems such as SPFS or the digital yuan lack the scale, foreign adoption, operational capacity, and political tolerance needed to replace SWIFT or offset sanctions pressure.

How does Flashpoint evaluate sanctions-evasion risk tied to crypto and CBDCs?

Flashpoint intelligence analyzes financial infrastructure capacity, geopolitical signaling, illicit finance behavior, and state-level constraints to assess whether emerging technologies can enable sanctions evasion.

Subscribe to our weekly threat intelligence newsletter

Interested to see top news from Flashpoint hit your inbox directly? Subscribe to our newsletter to receive curated content on a bi-weekly basis.