Quote from: Oasisman on March 02, 2022, 09:11:54 AM

Quote from: Accardo on March 02, 2022, 12:31:41 AM

Considering the numerous restrictions on the Russian Government they are still strict measures on every transaction that is displayed on the Blockchain. Any huge amount of money moved into a wallet will be flagged and checked if it's headed to the Russian Government. And it'll be difficult for Russian Government to convert a huge Bitcoin into Fiat as well. Do you think they can get around the corner and still escape the numerous financial restriction on their country through Bitcoin or altcoin

https://www.aljazeera.com/economy/2022/3/1/crypto-will-not-save-russia-from

Well, they don't even need Bitcoin for them to get their international monetary transactions to get through.
China didn't imposed any sanctions to them and they don't even care what the Russian government are gonna do with Ukraine. So, most probably Russia will just convert into Chinese yuan and nobody would ever know it.

Putin isn't afraid of any sanctions the world will impose to them, he knows what's his country's capabilities plus they have China.

China is now very cautious in its statements about Russia's military aggression against Ukraine. But he will also not go against the world community and provide support to the pariah country, into which Russia is now very quickly turning. At the same time, China will act in a way that will be beneficial to this country and at any moment can act to the detriment of Russia's interests.
As Russia is now becoming a very unreliable trading partner, only two of China's major banks are now allowed to transact with Russia, and then on a case-by-case basis with the permission of the country's top political leadership, and only in Chinese yuan.
Of course, cryptocurrency cannot save Russia from international sanctions. After all, sanctions concern not only the financial sector, but also the movement of goods.