Bank of Russia Admits it Cannot Use Cryptos to Avoid Sanctions
The use of cryptocurrencies to circumvent sanctions, especially in terms of payments for large amounts, is impossible.
The use of cryptocurrencies to circumvent sanctions, especially in terms of payments for large amounts, is impossible.
The US Department of the Treasury has imposed sanctions on the darknet marketplace Hydra and the cryptocurrency exchange Garantex.
The country should now be more motivated to create its own infrastructure for the cryptocurrency market.
The authorities of Japan plan to revise their currency legislation in order to prevent Russia from evading sanctions through digital assets.
Anonymous hackers have reported the NB65 group, associated with them, has hacked the All-Russian State Television and Radio Company (VGTRK), and has promised to make the stolen data public.
The Ministry of Economic Development of Russia has conceptually given its support to the bill of the Ministry of Finance “On digital currency.”
Binance has just announced that it will block transactions through banks that are on the sanctions lists through the P2P service.
"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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