December 27, 2024

Putin follows Trump’s bitcoin embrace. Can crypto help Russia evade sanctions?

 Putin follows Trump’s bitcoin embrace. Can crypto help Russia evade sanctions?

Putin follows Trump’s bitcoin embrace. Can crypto help Russia evade sanctions?

The Russian government has been a historic opponent of bitcoin, banning its use for domestic payments, but has recently come to see the potential benefits of virtual currencies for evading U.S. and Western sanctions.