Russia uses crypto to avoid sanctions… So what?
Data analysis
Russian banks are avoiding the sanctions by the European Union and other Western countries by using primarily Tether through the exchanges Huobi and Kucoin. That is the conclusion of data analysis by Inca Digital.
The data analist says that the exchanges are breaking international rules by accepting the Russian Roebel on their platforms for exchange against USD Tether. Even Binance is breaking the rules the analist says. This for amounts below 10000 USD, because Binance doesn’t do any controls on these transactions.
What with cash?
This once again brings crypto currency in a bad light. But there’s no reason for that. As breaking the rules is done with any form of money. Especially cash. Cash is still the number one way to launder money, do criminal transactions, and to finance terrorism. Not crypto!
This is just another way by the mainstream media to put crypto under the helm of criminality.
We all know better than that!
The biggest criminal transactors are in fact banks, but they get away with it, by buying themselves out of a trial!
Crypto is just a decentralised form of money, and that’s what botters the powers that be in this twisted world!
Sincerely,
Pele23
This is what crypto has been designed for.
In the meantime, if you are honest with cash or crypto. You have nothing to reproach yourself to make a transaction in this world.
You are absolutely right by money all these are illegal activities criminal they all use money if they use crypto then all their transmissions will be seen by the whole world.
This is what every individual in the government is doing to avoid taxes implemented by the Government itself. And Government is also not making crypto legal. It's totally a mess, by legalizing's crypto they can increase their sales taxes.
😒 uh oh.. sneaky sneaky russians.. and bad crypto behavior..