Sanctions & Crypto: How Modern Tech Makes Evasion a 'Dead End'

A panel discusses the effectiveness of sanctions against nations like Russia and China, challenging the belief that avoiding dollar transactions can circumvent them. Larry Kudlow introduces the idea that cryptocurrency, often seen as a way to hide funds, is actually a 'trap' due to its traceability via blockchain. A panelist elaborates that while early crypto facilitated illegal activity and tax evasion, modernization now allows governments to penetrate these transactions, noting central banks' interest in digital currencies.