Putin's Crypto Embrace: Russia's New Trade Lifeline
Update: 2025-12-11
Description
Russian President Vladimir Putin endorses cryptocurrency, as Russia turns to digital currency amid Western sanctions. A Seven, a payments network co-owned by sanctioned entities, facilitates $71.3 billion in international settlements in just ten months. Russia explores crypto mining, digital tokens, and stablecoins, but faces challenges in handling massive export volumes and limited stablecoin market.
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