Asia Unhedged — Introducing the CryptoRuble

Sanctions-buster?

The anonymity of a cryptocurrency also provides Russia with a tremendous opportunity to circumvent sanctions. As Handelsblatt reports, the CIA has already expressed suspicion that Russia’s interest in the matter may be related to this. The Director General of the Russian e-money system, Qiwi Sergej Solonin, sees at least the possibility that the CryptoRuble could provide a replacement to the international banking transaction system Swift. The disconnection of Russia from the Swift system has been discussed as a sanctions option in the past.

Asia Times
Introducing the CryptoRuble

Asia Unhedged

See also

Sputnik International
Russia Has Enough Potential to Ensure Digital Sovereignty - Prime Minister