this post was submitted on 01 Apr 2024
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WSJ: Russia using cryptocurrency to avoid sanctions (kyivindependent.com)
submitted 1 year ago by lusterko@kbin.social to c/Ukraine_UA@kbin.social
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Russian smugglers are using the cryptocurrency tether to circumvent Western sanctions and purchase weapons and drone parts, the Wall Street Journal (WSJ) reported on April 1.

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[–] Joncash2@lemmy.ml 0 points 1 year ago

D'uh, this is literally what bitcoin was created for. An untraceable currency that can be used without any government control. It would be stranger if Russia didn't do this. It's proving the value of bitcoin.