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Number of Russians Trading Crypto Is Falling, Says Central Bank

Number of Russians Trading Crypto Is Falling, Says Central Bank

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Source: prokop.photo/Adobe Russia’s Central Bank says there has been a drop in the number of citizens trading crypto – with citizens staying away from major overseas trading platforms. Per RBC, the bank’s data shows Russians’ crypto activity “decreased in the second and third quarters of 2023.” The bank said it had recorded a fall in […]

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Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges

Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges

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Russian crypto holders have reportedly used simple workarounds to evade sanctions – and trade on overseas crypto exchanges. In the wake of the war in Ukraine, Western leaders have imposed sanctions on most leading Russian banks. Account holders at these banks, thus, are effectively blocked from using fiat on/off ramps at major international crypto exchanges.

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