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RE: LeoThread 2025-01-12 05:27

in LeoFinance16 days ago

Part 5/10:

Initially, Russia turned to the Chinese Yuan due to bans on U.S. dollar and Euro transactions. However, U.S. secondary sanctions soon followed, complicating trade agreements further. In response, Russia has begun exploring smaller, more compliant banks and now, as of mid-2023, is pivoting towards embracing Bitcoin and potentially other cryptocurrencies for international settlements.

The Shift in Russian Crypto Policy