Christine Lagarde (CEB President) has asked lawmakers to adopt a crypto regulatory framework. This is a hint at Russia’s ability to circumvent economic sanctions.

Lagarde spoke to journalists at a informal meeting of finance and economic ministers Friday. the European Central Bank would be “decisively and rigorously” implementing the sanctions on Russia imposed by European lawmakers in response to the country’s invasion of Ukraine. The ECB President, in response to a question about Russia possibly using crypto to evade certain of the measures, urged that action be taken on a proposal to regulate digital assets.