Is Bitcoin used to evade financial sanction?
- Zhao, JS; Miao, J
- 2023
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【Author】 Zhao, Jinsha; Miao, Jia
【Source】FINANCE RESEARCH LETTERS
【影响因子】9.848
【Abstract】Using Russian-Ukraine war as an exogenous event, we investigate whether Bitcoin is used to evade financial sanctions. We follow three avenues to explore this problem. First, we investigate Bitcoin trading volume pre-and post-Russia's invasion. Second, we explored price and return relationships between Bitcoin and other major asset classes during the same period. Lastly, we investigate the associations between Bitcoin trading volume and Russia oil export by sea. Overall, our results suggest that Bitcoin is not used to evade sanctions in large scale.
【Keywords】Bitcoin; Cryptocurrency; Sanction evasion
【发表时间】2023 JUL
【收录时间】2023-07-17
【文献类型】实证数据
【主题类别】
区块链治理-市场治理-市场分析
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