Treasury executives said that digital currencies will not affect U.S. sanctions

US Deputy Treasury Secretary Wally Adjemo said that central bank digital currencies (CBDC) such as the Russian digital ruble will not pose any threat to US sanctions.

In a CNBC interview on Wednesday, Adejemo debate Despite the increasing popularity of cryptocurrencies, the US dollar “will still be the world’s dominant currency.”

Adeyemo pointed out that digital assets provide “multiple opportunities” for the US economy, but at the same time it is accompanied by many challenges such as money laundering. However, in order to benefit from the evolving industry, there are some ways to solve this problem. The official said:

“We do believe that, in the end, in cooperation with countries around the world, we can address this risk by calling on the creators of digital assets to comply more closely with anti-money laundering rules.”

Adeyemo also stated that the global central bank’s digital currency has nothing to do with any risks related to US sanctions.

“We believe that even if the digital ruble or other digital currencies appear, our sanctions may still have an impact on their economy, because the global economy is still interconnected,” he said.

The official went on to say that Russian companies have carried out a large number of businesses around the world, most of which are conducted in the form of U.S. dollars with American financial institutions, because “the U.S. economy is still the world’s largest economy.”

“As long as this is the case, as long as we have made the necessary investments, we still have the ability to use our sanctions regime to ensure that we prevent things that it was created to prevent,” the official pointed out.

Adeyemo’s remarks were made shortly after the sanctions on Russian oligarch Oleg Deripaska Call on the Russian government to adopt Bitcoin (Bitcoin) As a tool to avoid U.S. sanctions and weaken the U.S. dollar. “The United States realized long ago that uncontrolled digital payments can not only offset the effectiveness of the entire economic sanctions regime, but also depreciate the dollar as a whole,” he argued last month.

related: The U.S. Treasury Department says it must “modern and adapt” to digital currencies

In October, the Russian Deputy Foreign Minister also reiterated that Russia plans to reduce the share of US dollars in Russia’s international reserves as part of the country’s reserves. Plan to avoid the challenges of sanctions From the US government.

In recent years, the United States has imposed multiple sanctions on Russia for allegedly poisoning opposition politicians, interfering in elections and cyber attacks.