• Chainalysis said that Russia is developing an experimental infrastructure using cryptocurrencies aimed at bypassing sanctions and international trade.
According to experts, the Central Bank of Russia is leading this effort, with pilot payments set to begin in September this year. The company does not rule out that the infrastructure of local crypto exchanges such as Tetchange, 100btc, Bitzlato, Suex, Exved, and Garantex could be used to simplify transactions. The experts called the latter a “central player” despite sanctions from OFAC.
At the same time, the ban on the use of cryptocurrencies for domestic payments in Russia remains in effect. Despite this, the country consistently ranks among the leading countries in Chainalysis’ annual Global Cryptocurrency Adoption Index.
