Russia’s Finance Ministry is evaluating the creation of domestic stablecoins pegged to foreign currencies after access to Tether’s USDT was restricted for …
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Western
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Markets
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
by shayaanby shayaanRussia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil …
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Regulation
Russia Side-Stepping Western Sanctions by Trading Bitcoin (BTC), Ethereum (ETH) and USDT for Oil: Report
by shayaanby shayaanRussia is using cryptocurrencies in oil transactions with India and China, according to a new Reuters report. Citing “four sources with direct …
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Adoption
Crypto becomes lifeline for Iran and Russia amid Western sanctions – Chainalysis
by shayaanby shayaanSanctioned entities received $15.8 billion in crypto in 2024, accounting for 39% of all illicit crypto transactions, according to the 2025 Crypto …