🌟 𝐔𝐤𝐫𝐚𝐢𝐧𝐢𝐚𝐧 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐯𝐢𝐚 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲🌟
A resident of Yakutia, Russia, has been handed a seven-year prison sentence for using cryptocurrency to provide financial support to the Ukrainian Armed Forces. This marks the first known case in Russia where cryptocurrency has been involved in financing a foreign military group, and it has captured significant attention. The individual, whose identity remains undisclosed, is currently held in a high-security facility after being charged with high treason for aiding a foreign military body, considered a threat to national security.

The man, born in 1988, was working at a diamond mining company in the Sakha Republic when he connected with members of the Ukrainian Armed Forces through a social media group. He received instructions on how to send cryptocurrency donations to support the military effort, which the Russian government labels as a "terrorist organization." The charge under Article 275 of the Russian Criminal Code is for "providing financial assistance to a foreign state or organization," an act seen as detrimental to Russian sovereignty.

Since Russia's invasion of Ukraine in 2022, cryptocurrency has played a significant role in funding Ukraine's defense. Ukraine has seen a sharp increase in decentralized finance transactions, with a 362% rise in transactions exceeding $10 million by October 2024. Additionally, Ukraine is planning to legalize cryptocurrency by 2025, although the proposed regulations would treat digital currencies as securities, subjecting them to taxes upon conversion into fiat currency. This initiative aims to regulate the sector and prevent its misuse.

Meanwhile, the Ukrainian government also plans to target Russia's use of Bitcoin for circumventing Western sanctions, with discussions ongoing on how to restrict such practices. The conflict has elevated the geopolitical importance of cryptocurrencies, both as a tool for funding and as a means of evading sanctions.

#Russian #ukraine #USPPITrends #USPPISoftens #CPIPlunge2025 $BTC $BNB

Russian Foreign Minister Sergey Lavrov has stressed that a barter system could be established with China to overcome current settlement problems. Lavrov noted that a similar system has been studied by Brazil's Lula outside the BRICS organization, proposing barter settlements between countries in Latin America and the Caribbean.
Russian Foreign Minister Sergey Lavrov considers barter system to resolve current payment situation with China