China and Russia Use Crypto to Avoid Sanctions—Will Policies Change?

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Russia is using stablecoins to get around international sanctions and make payments. China, despite banning cryptocurrencies, is still exploring blockchain and digital currencies. The U.S. is worried about crypto being used to evade sanctions and may impose stricter rules.

To counter trade disruptions, Russia is turning to digital assets like stablecoins for better cross-border payments. Qifa, a platform importing Chinese goods to Russia since 2013, says crypto payments are speeding up transactions and avoiding delays typical of traditional banking.

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