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Can Russia use cryptocurrency to dodge sanctions? - DW Business SpecialAdministered through the Office of Foreign Assets Control (�OFAC�), sanctions are a useful instrument to cut off terrorism financing, place an. A1: Cryptocurrencies are a powerful tool for sanctions evasion for two main reasons: transactions are (1) not processed by commercial banks and. the idea that some cryptocurrency can be used to bypass sanctions depends on that asset actually being picked up for widespread use, which is not the case at.