Blockchain data platform Chainalysis explored if Bitcoin can be used for mass Russian sanctions evasion in a recent blog. Here are their findings:
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Chainalysis relied on a 2017 study by the National Economic Bureau, which estimated that Russian oligarchs hold nearly $800 billion in offshore funds. The platform used the number for its analysis even though it did not account for assets held within Russia.Free Float
Using a metric to measure the liquidity of a cryptocurrency called free float, Chainalysis compared BTC, Ethereum, and Tether.Bitcoin had the lowest share of overall supply in the free float at 14 percent, but its (measured in dollars) is the largest among the three coins because of the apex coin’s large market cap.
