Post
Topic
Board Bitcoin Discussion
Re: Cryptocurrency will not save Russia from sanctions
by
ChiBitCTy
on 30/03/2022, 12:26:45 UTC
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 for the most part I would agree with you on this, however remember you can always make OTC (Over The Counter) trades that they would not be able to stop on control for the most part.  Also they could however use Monero which can’t be seen by them and it’s truly anonymous, so that’s a possibility.