Cryptocurrency is shifting quickly and drawing global oversight. The recent theft at Binance, a major exchange, offers a view into state-backed evasion of sanctions.

Moving money across borders is meant to follow compliance rules and regulations that are set by governments and followed by the financial institutions. This was already a difficult process to enforce with shadowy LLCs and offshore banking. If you do not want to pay high taxes or you do not want to devalue your wealth in exchange for other currencies, moving money behind the scenes was your best bet for a long time. The cost would be a new company name, registering that compan