Russia and Ukraine Ukraine managed to get the support of the west, especially while the war between the two countries continued. RussiaAlthough many sanctions have been imposed against the traditional financial sector, the situation in the crypto money sector is still uncertain.
Ukraine requested that leading cryptocurrency exchanges block Russian users, while exchanges such as Binance and Coinbase did not agree. Now it seems that an unexpected ally has joined Ukraine.
Although western states in particular think that Russia can use cryptocurrencies to circumvent sanctions. Central Bank of Russia made the opposite statement.
The central bank, which tried to prevent Russian citizens from entering the crypto money sector in the previous months, now wants it to be completely banned.
During the war, countries print significant amounts of money to cover their war expenses, and Russia is exactly in this position. In addition, the sanctions imposed on the Ruble plunged its value to the bottom in a short time. For this reason, citizens are trying to overcome the controls put by Putin himself by using cryptocurrencies. Although Putin forbids foreign exchange outflow abroad, it is very difficult to control it with cryptocurrencies.
The Central Bank of Russia also recently revealed that it maintains its focus on banning cryptocurrency mining and trading.
Citizens Get USDT
According to research published by Arcane Research, Binance USDT/RUB The trading volume in the parity reached 35 million dollars and the record was broken. This shows that citizens buy USDT against the depreciation of the Ruble. The Central Bank of Russia is taking every step to prevent this.
