Not Easier For Russians To Avoid Financial Sanctions and Ban Bitcoin Than Ever Before
Russia face new problems according to New York (CNN Business) News story the first wave of Western financial sanctions against Russia did not stop President Vladimir Putin from starting a large-scale invasion of Ukraine. The United States has now begun repression with a new round of sanctions to tighten billions of Russian bank bonds due Russia Ukraine War. However, some experts say that these practices, which until now have not focused on Putin himself, are becoming easier to avoid, not least thanks to the growing adoption of cryptocurrencies in Russia. US and EU sanctions rely heavily on enforcement by banks. If a company or an authorized person wishes to trade in traditional currencies such as dollars or euros, it is the responsibility of the bank. The flag and blocks have been replaced. But currencies are handled outside of a country with a global financial situation, transactions are recorded in a public announcement, this is called a blockchain. According to a report by ...