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The Street
The Street
By Riley Gutiérrez McDermid How to crack down on decentralized systems thus far has mystified regulators. As the reverberations caused by Russia’s invasion of Ukraine have spread, the world’s crackdown on Russia’s elite has gotten stricter and more specific. The European Union, the United Kingdom and the United States have all issued gradually harsher sanctions on both individuals and the institutions they represent, from banks that only weeks ago were major players in the global financial system, to the armies they lead. But it is becoming increasingly clear that the sanctions that have been …