Latest News and Articles about Sanctions
Russia Embraces Bitcoin for Trade Amid Sanctions: A Strategic Crypto Thaw
Russia’s Crypto Thaw: Embracing Bitcoin for International Trade Amid Sanctions Russia’s relationship with cryptocurrencies is undergoing a significant shift, moving from stringent regulations to a more permissive stance. This “Crypto Thaw” is driven by Western sanctions and a strategic push for de-dollarization (reducing reliance on the U.S. dollar in international transactions), with President Putin legalizing […]
Read MoreRussian Companies Turn to Bitcoin Amid Western Sanctions and Legislative Changes
Russian Companies Leverage Bitcoin to Side-Step Sanctions Amidst mounting Western sanctions, Russian companies are adopting Bitcoin and other cryptocurrencies for international trade. This pivot follows recent legislative shifts in Russia, which now permits an “experimental regime” of crypto payments for foreign transactions. Meanwhile, Ukraine is gearing up to counteract these maneuvers. Russian businesses adopt Bitcoin […]
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