RUSSIA🇷🇺 (BRICS)
Russia: Two Crypto Exchanges to Circumvent Sanctions
In the face of international sanctions, Russia is turning to cryptocurrencies. Moscow and St. Petersburg could soon be home to two new crypto platforms designed to facilitate trade with BRICS countries. These exchanges would be supported by an experimental legal framework, with a stablecoin pegged to BRICS currencies to circumvent traditional currency restrictions.
However, experts point to technical and legal challenges, as well as the risk of increased scrutiny by international regulators. This project could offer an alternative to sanctions, but remains surrounded by uncertainty.
