Post
Topic
Board Economics
Re: Russia can evade sanction through cryptocurrencies
by
ningrum
on 27/04/2022, 09:08:47 UTC
since beginning Rusia want use cryptocurrency as alternative payment from any trades if sanction from any countries come. Mr president also know how big crypto potency for their income by taxes and other regulations. even Ukranian get benefit from donation that used cryptocurrency, and from here we know how usefull this currency when all central bank suspend each others.

I don't see significant activity related to cryptocurrency in the ongoing war between Russia and Ukraine. Initially there were some fundraisers for Ukraine, which accumulated a few million USD worth of crypto, but nowadays I am not hearing much about it. And there were also reports of Russia using cryptocurrency to evade sanctions. But I haven't found any concrete evidence for this. There is hardly any uptick in the crypto volumes within Russia. So there is no supporting evidence to claim something like this.
Looks like it's just news and rumors so we can't find any real evidence,
because if it is true that Russia uses crypto to evade sanctions then there should be traceable evidence,
The most important thing is to just keep up with the developments