Russian lawmakers voted to legalize cryptocurrencies for international settlements in an apparent effort to dodge sanctions imposed by Western countries. …
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Global Adoption
Venezuela Turns to Crypto for Oil Sales Amid U.S. Sanctions
by Terron Goldby Terron GoldAccording to Reuters, Venezuela now depends on cryptocurrency for oil sales after the U.S. imposed new sanctions, which concerns many. The …
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U.S. Regulation
U.S. Treasury Official Targets Tether USDT Stablecoin in Russian Sanction Evasion
by Terron Goldby Terron GoldUS Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written …
