Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West with new legislation in Congress.
On this backdrop, experts with knowledge of the industry have shared with Russian media their opinions on how realistic it is to bypass the sanctions with the help of cryptocurrencies. The crypto page of the Russian business news portal RBC has compiled them in an article, the title of which starts with the expression “Great Illusion.”
. She reminded that many state-owned companies were discussing this option back in 2014, amid earlier sanctions adopted after the Russian annexation of Crimea.Mikhail Zhuzhzhalov, a senior lawyer at the Tomashevskaya & Partners law firm, agreed with the crypto executive that the idea of overcoming financial obstacles with the help of crypto is not new.
Companies fall under sanctions for doing business with them, crypto allows all this, law counts only for international payments, and it is a coincidence that it was adopted after the introduction of the ban by their president? or it's just a failed attempt to justify himself?😉
But Tether does help its citizens to survive all these ..
I think the impact of sanctions is not so widespread for ordinary users.
Verry good , i like that
🚀Thankss a millon
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Thank you Russia
Absolute bull 👍
I think it won't work for Russia.
Wtf is this? Russia dont need Bitcoin because of sanctions. Russia need Btc to stay in touch with future. West is going wrong way for a long time...
Make it! Now! Stop being bitches! U tech bitches make it so
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no but all the western sanctions are doing is hurting the countries in the west
Good for them 🫢
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Really, I only listen to ChiefraFba for signals and analysis