{"id":53051,"date":"2021-11-17T17:17:25","date_gmt":"2021-11-17T15:17:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53051"},"modified":"2025-09-03T13:06:50","modified_gmt":"2025-09-03T10:06:50","slug":"us-treasury-officials-deny-that-digital-ruble-would-undermine-sanctions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-treasury-officials-deny-that-digital-ruble-would-undermine-sanctions\/","title":{"rendered":"US Treasury officials deny that digital ruble would undermine sanctions"},"content":{"rendered":"<p>The emergence of a digital ruble will not make American sanctions less effective. Deputy U.S. Treasury Secretary Wally Adeyemo <a href=\"https:\/\/www.cnbc.com\/2021\/11\/17\/crypto-treasurys-adeyemo-says-dollar-to-remain-the-dominant-currency.html\">\u0437\u0430\u044f\u0432\u0438\u043b<\/a> in an interview with CNBC.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe believe that, even if a digital ruble or other cryptocurrencies emerge, our sanctions will still be able to influence the economies of these countries simply because the global economy remains interconnected,\u201d Adeyemo said.<\/p>\n<\/blockquote>\n<p>According to him, Russian companies continue to do business around the world, and the vast majority of transactions are conducted in dollars. This makes the country\u2019s economy dependent on the U.S. currency. The deputy minister reminded that the U.S. economy remains the largest in the world.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs long as that remains the case and as we continue to make the necessary investments, we will still be able to use our sanctions regime,\u201d the official said.<\/p>\n<\/blockquote>\n<p>Adeyemo emphasised the dominant role of the dollar in the economy, despite growing interest in cryptocurrencies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUltimately, what will determine the dollar&#8217;s standing in the world is the decisions we make in America about investing in our economy,\u201d Adeyemo stressed.<\/p>\n<\/blockquote>\n<p>He added that digital assets can be used for illicit activity, but with coordinated efforts by authorities they can prompt issuers to adhere more strictly to anti-money-laundering rules.<\/p>\n<p>Earlier, the U.S. Treasury issued <a href=\"https:\/\/u1f987.com\/en\/news\/u-s-treasury-issues-sanctions-compliance-guidance-for-participants-in-the-crypto-industry\">instructions on sanctions compliance<\/a> to participants in the crypto industry.<\/p>\n<p>Earlier, the Bank of Russia confirmed plans to launch the digital ruble as a third form of money <a href=\"https:\/\/u1f987.com\/en\/news\/accessibility-and-traceability-how-the-bank-of-russia-sees-the-digital-ruble\">by 2030<\/a>.<\/p>\n<p>Testing of the new financial instrument will be conducted <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-names-12-banks-to-be-first-to-test-the-digital-ruble\">based on 12 banks<\/a> in the first quarter of 2022.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The emergence of a digital ruble will not make American sanctions less effective, according to Deputy U.S. Treasury Secretary Wally Adeyemo.<\/p>\n","protected":false},"author":1,"featured_media":53052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,1165,1138,686,26],"class_list":["post-53051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-digital-ruble","tag-opinions","tag-sanctions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53051"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53051\/revisions"}],"predecessor-version":[{"id":53053,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53051\/revisions\/53053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53052"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}