Thursday, December 26, 2024

Russia Says It's Using Bitcoin to Evade Sanctions

Russian companies are using bitcoin to evade Western sanctions, thanks to a new law, the country's Finance Minister Anton Siluanov confirmed in a television interview.

Posted by LampLighter at 08:30 PM | 5 COMMENTS | permalink

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Axios - Russia says it's using bitcoin to evade sanctions

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-- Lola Gayle (@lolagaylec.bsky.social) December 26, 2024 at 6:41 AM

Comments

More from the article...
... Why it matters: Russia's economy has been hampered by difficulties in making and receiving international payments, even with countries like China that don't use the U.S. dollar as their reserve currencies. ...

#1 | Posted by LampLighter at 2024-12-26 01:48 AM

Could this be why Pres-elect Trump seems to be so in favor of crypto?

#2 | Posted by LampLighter at 2024-12-26 01:49 AM

No. The black market nature is just a bonus.

The Bitcoin Reserve is coming.

#3 | Posted by sitzkrieg at 2024-12-26 07:46 AM

Bitcoin will prevail and no government will have no control over it, just as the creator intended.

#4 | Posted by THEBULL at 2024-12-27 03:09 AM

Whoops:
Bitcoin will prevail and no government will have control over it, just as the creator intended.***

#5 | Posted by THEBULL at 2024-12-27 03:10 AM

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