Russia's Bitcoin trick: This is how Putin gets around the sanctions!
Russia uses Bitcoin to circumvent sanctions. Finance Minister Siluanov confirms new crypto trading for international payments.
Russia's Bitcoin trick: This is how Putin gets around the sanctions!
Russia has turned on the turbo and is now using Bitcoin to circumvent Western sanctions! Finance Minister Anton Siluanov dropped the bombshell in a TV interview this week: Russia has managed to use cryptocurrencies for international payments with a brand new law. A Russian Bitcoin revolution is brewing!
The Kremlin is stepping on the gas! A new cryptocurrency experimental laboratory has been established. Here selected organizations are allowed to trade cryptos internationally. Russia, part of the BRICS group, is leading the way in this crypto battle and not only has the digital ruble, but is now also betting heavily on Bitcoin! The latest information can be found at watcher.guru.
But that's not all! Russian energy companies are profiting handsomely as they can sell their excess energy to the country's hungry horde of Bitcoin miners. While not all of Russia's trading partners are already jumping on the crypto wave, Russia is a real pioneer with its advance! And in the fight to disempower the US dollar, Russia is cleverly using its new Bitcoin law to outdo its dollar competitor. The US may also soon be forced to consider a Bitcoin reserve to protect its beloved greenback.
The Bitcoin train is coming, and it's not slowing down!