Russia uses Bitcoin: sanctions loophole found!

Russia uses Bitcoin: sanctions loophole found!

Attention, Russia's latest coup! Russia is now using Bitcoin to circumvent oppressive Western sanctions. Finance Minister Anton Siluanov announced this in a TV interview. With a new law, crypto is being used as a door opener for international payments - despite the greatest restrictions, as watcher.guru reports.

The crypto world is in turmoil as the Russian government has created an experimental legal framework for cryptocurrency miners. This allows approved entities to use Bitcoin for international trade. This is not surprising: Russia is already relying on the digital ruble and sees Bitcoin as a future-oriented alternative to traditional currencies. Domestic energy companies are also benefiting - they are now selling to an emerging community of energy-hungry Bitcoin miners.

What does this mean for the USA? The Russians are seeking a decoupling from the dollar, while Bitcoin is increasingly coming into play as an alternative to the greenback. President-elect Donald Trump is facing a new round of international chess between cryptocurrency supporters and a desire to defend dollar dominance. Are we experiencing upheaval in the international financial system? Russia is ready to reshuffle the cards!