Russia’s flipping sanctions with Bitcoin, using its mining power for global trade while calling out the U.S. dollar’s politics and doubling down on crypto despite local mining bans.
Russia’s taking a bold leap, using Bitcoin and other cryptos to dodge Western sanctions and keep trade alive. Finance boss Anton Siluanov spilled the tea on TV, saying new laws now let Russia roll with crypto for foreign deals.
The problem? Sanctions shook up trade with major partners like China and Turkey, with banks scared of Western heat. But Russia’s not sweating it—they’re flexing their crypto mining game hard. As one of the world’s top Bitcoin miners, they’re turning mined BTC into international trade currency, with plans to scale up next year.
Siluanov’s hyped about crypto’s potential to flip the script on global payments, and even Putin’s chiming in. He’s calling out the U.S. for using the dollar like a political weapon, which he says is pushing nations toward decentralized options like Bitcoin.
But it’s not all smooth sailing. Russia just banned Bitcoin mining in 10 regions until 2031 to handle energy issues. Still, they’re staying dominant in the crypto space, balancing mining regs with new trade policies. The move’s all about surviving sanctions and finding financial freedom while the West watches closely.
Basically, Russia’s playing a whole new game with Bitcoin, making waves in global trade..
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