Moody’s: Cryptos Will Not Help Russia Avoid Western Sanctions
According to analysts from international rating agency Moody’s, cryptos are not an effective solution for Russia to circumvent sanctions.
According to analysts from international rating agency Moody’s, cryptos are not an effective solution for Russia to circumvent sanctions.
The Bankoff service announced on May 3 to its customers Visa and Stripe were suspending the company’s virtual cards.
Cryptocurrency exchange Binance continues to limit the opportunities for Russian traders.
The Bank of Russia Governor Elvira Nabiullina has said that the tests of the national digital currency (CBDC) are going well.
Crypto exchange Binance has announced restrictions for the accounts of residents of Russia whose total value of crypto assets exceeds €10,000.
The International Monetary Fund (IMF) believes that Russia can avoid economic sanctions through cryptocurrency mining.
The Bank of Russia has published a report for 2021, in which it has pointed out the risks associated with cryptocurrencies.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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