Russia Ditches the Dollar and Turns to Bitcoin for Oil Trade with China and India
Russia isn’t waiting around for financial restrictions to ease. According to Reuters, Russian oil companies are sidestepping global
Russia Side-Stepping Western Sanctions by Trading Bitcoin (BTC), Ethereum (ETH) and USDT for Oil: Report
Citing “four sources with direct knowledge of the matter,” the new report claims that some Russian oil companies are using Bitcoin ( BTC ), Ethereum ( ETH) and USDT to ease the conversion of Indian rupees and Chinese yuan to Russian roubles.
Russia using cryptocurrency in oil trade with China, India to bypass sanctions, Reuters reports
The cryptocurrency scheme currently represents a small fraction of Russia's $192 billion annual oil trade, according to the International Energy Agency, but its usage is reportedly increasing.
Russia goes crypto in oil trade with China and India: report
Russia is using cryptocurrencies in its oil trade with China and India to bypass Western sanctions. This is according to a report from Reuters published on March 14, and which cited multiple sources in the know regarding the matter.
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.
Russia Using Crypto in Chinese and Indian Oil Trade – Reuters
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reported Friday, citing four sources with direct knowledge of the matter. Russia passed crypto mining legislation in August 2024,
Cryptopolitan on MSN12d
TRON-based USDT accelerates inflows to centralized exchanges as supply grows
TRON-based USDT increased its activity, and still expecting the launch of the no-fee feature. The token turned Binance into ...
AMBCrypto1d
GENIUS Act’s current form is ‘great for Tether USDT’ – Here’s why!
“In its current form, the GENIUS Act is great for tether. The door is open for them to register onshore, but if they don’t, ...
TechBullion10d
Cables Perpetual Futures DEX: Moving Past USD-Dominated Trading
Most onchain trading platforms are stuck in a cycle of USD dependence. Whether it’s centralized exchanges or other perpetuals ...
Decrypt6d
Thailand Approves USDT, USDC for Trading On Crypto Exchanges
Thailand has added two dollar-backed stablecoins to its list of regulated cryptocurrencies as global stablecoin adoption ...
Cryptopolitan on MSN6d
USDT and USDC Stablecoins on Ethereum surge by $1.3B in the past 7 days
On-chain data from Lookonchain revealed that USDT and USDC Stablecoins on Ethereum increased by $1.3 billion. The analytic firm also noted that USDT and USDC Stablecoins on Hyperliquid decreased by ...
The Daily Hodl12d
Binance To Delist Tether’s USDT and Eight Other Non-Compliant Stablecoins in Europe
Top global crypto exchange Binance is delisting Tether's USDT and other stablecoins for European customers because the ...