Cryptocurrencies like Bitcoin are central to Russia's strategy for bypassing Western sanctions, enabling international trade despite financial restrictions.
The multitude strategies within crypto are a major tool not only to provide the foundation of worldwide independent trade making it more efficient but is permeating financial, and wealth management industries for greater sustainability and the expansion of the marketplace.
Booming? Seriously? We must be living in parallel universes.
There are, as far as I know, no straightforward, legal ways to either buy or transact in crypto in Russia. In fact, I am pretty sure it’s illegal to accept crypto as payment for goods or services (they’ve been talking about carving out an exception for export businesses, but even that has not been finalized).
None of the serious exchanges, even when they accept Russian citizens/residents as clients (which few do) will convert anything to rubles (they are afraid of sanctions), so the only way is to go p2p. According to my expat contacts living in Russia and struggling to transfer money there, even a couple of p2p transactions will get your Russian bank card blocked and you’ll have to visit a branch for a stern lecture, where they’ll tell you to stop doing anything with crypto or they’ll close your account
Russian banks are resisting crypto as hard as they can, because it threatens their power. Most government ministries are also hostile. They don’t want any alternatives. For now, crypto exists in a grey zone where it is effectively neither legal nor illegal, but in any case, very hard to do anything with
Per chi conosce la vera natura della moneta in quanto il suo essere un monopolio pubblico, mai le crypto potranno minare il suo monopolio. Detto questo, l’articolo riporta le parole del ministro, che afferma essere consentito usare le crypto per commerciare con i soggetti economici dei paesi sanzionatori. Certo, internamente la gente che se ne fa delle crypto! Un mio amico per mandare soldi in Russia a sua figlia non ha alternativa alle crypto, poi certo lei, dopo se le cambia in rubli. Vengono usate solo come mezzo di pagamento non come riserva di valore. Per favore non facciamo confusione! Grazie
BREAKING NEWS from X: "Trump’s administration could kick off with crypto in the spotlight! 🇺🇸
Reports say Trump might sign executive orders on Day 1 to shake up crypto regulation. 💻🔑 Venture capitalist Marc Andreessen is taking the reins, recruiting top talent to shape policy.
Expect major moves to tackle "de-banking" and fair value accounting, helping crypto thrive in the U.S. 🇺🇸💡 With David Sacks as the crypto czar, innovation could take center stage. 🚀
The industry’s ready for a new direction, hoping for a friendlier regulatory environment. Will this open doors for institutional growth? 🏦"
The multitude strategies within crypto are a major tool not only to provide the foundation of worldwide independent trade making it more efficient but is permeating financial, and wealth management industries for greater sustainability and the expansion of the marketplace.
Booming? Seriously? We must be living in parallel universes.
There are, as far as I know, no straightforward, legal ways to either buy or transact in crypto in Russia. In fact, I am pretty sure it’s illegal to accept crypto as payment for goods or services (they’ve been talking about carving out an exception for export businesses, but even that has not been finalized).
None of the serious exchanges, even when they accept Russian citizens/residents as clients (which few do) will convert anything to rubles (they are afraid of sanctions), so the only way is to go p2p. According to my expat contacts living in Russia and struggling to transfer money there, even a couple of p2p transactions will get your Russian bank card blocked and you’ll have to visit a branch for a stern lecture, where they’ll tell you to stop doing anything with crypto or they’ll close your account
Russian banks are resisting crypto as hard as they can, because it threatens their power. Most government ministries are also hostile. They don’t want any alternatives. For now, crypto exists in a grey zone where it is effectively neither legal nor illegal, but in any case, very hard to do anything with
Per chi conosce la vera natura della moneta in quanto il suo essere un monopolio pubblico, mai le crypto potranno minare il suo monopolio. Detto questo, l’articolo riporta le parole del ministro, che afferma essere consentito usare le crypto per commerciare con i soggetti economici dei paesi sanzionatori. Certo, internamente la gente che se ne fa delle crypto! Un mio amico per mandare soldi in Russia a sua figlia non ha alternativa alle crypto, poi certo lei, dopo se le cambia in rubli. Vengono usate solo come mezzo di pagamento non come riserva di valore. Per favore non facciamo confusione! Grazie
BREAKING NEWS from X: "Trump’s administration could kick off with crypto in the spotlight! 🇺🇸
Reports say Trump might sign executive orders on Day 1 to shake up crypto regulation. 💻🔑 Venture capitalist Marc Andreessen is taking the reins, recruiting top talent to shape policy.
Expect major moves to tackle "de-banking" and fair value accounting, helping crypto thrive in the U.S. 🇺🇸💡 With David Sacks as the crypto czar, innovation could take center stage. 🚀
The industry’s ready for a new direction, hoping for a friendlier regulatory environment. Will this open doors for institutional growth? 🏦"