Monday, September 2, 2024
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Blockchain News

Russia’s Crypto Strategy: Navigating Sanctions with Digital Currency

Russia is on the brink of a profound transformation in its approach to international economic relations, as it prepares to incorporate cryptocurrencies into its foreign trade transactions. This move, coupled with President Vladimir Putin's recent signing of a law legalizing cryptocurrency mining in Russia, signals a bold shift in economic policy with far-reaching implications for global trade, international sanctions, and the burgeoning digital economy. Context and Motivation Behind Russia’s Crypto Strategy In recent years, Russia has...