See, for example, comments by Carol House, the director of cybersecurity for the National Security Council: “The scale that the Russian state would need to successfully circumvent all U.S. and partners’ financial sanctions would almost certainly render cryptocurrency as an ineffective primary tool for the state” (as quoted in Hannah Lang (2022), “U.S.
We are also seeking to ensure that the financial services industry pays the direct costs of these necessary enhancements to regulation and supervision. Over the coming years we are aiming to increase the levy paid by regulated entities to 100% of our regulatory costs.