crypto in Russia soon means of payment?
- Kryptoplanet

- Sep 11, 2022
- 1 min read
Since the beginning of the war between Russia and Ukraine, Russia has been excluded from the international payment system SWIFT.

Russian media (TASS) report that Russia is working on using cryptocurrencies and blockchain technology to circumvent sanctions in international payment transactions.
For this, the legal basis must first be laid down and cryptocurrencies made attractive to the population. It was also announced that payments should only be available for pro-Russian states.
The current infrastructure we want to create is too rigid for the use of cryptocurrencies to process international payments. First of all, of course, we must first legalize them and enable people to use them. On the other hand, we must bring payments under control so that there are no money laundering incidents and no payment of drugs and so on. Alex Moiseev to Russia-24
In order to achieve this goal, Russia probably wants to control cryptocurrencies more closely, which of course harms decentralization and the original idea of Bitcoin & Co.


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