Tag: Russia
Russia built a $100 billion shadow dollar system in 10 months — and Putin cut the ribbon
A ruble-backed stablecoin co-owned by a sanctioned Russian state defense bank and a convicted Moldovan oligarch processed more than $100 billion in transactions in under 12 months, according to a report by blockchain analytics firm Elliptic. On April 23, the European Council adopted its 20th sanctions package against Russia, imposing a complete ban on cryptocurrency…
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