Russia is using bitcoin in foreign trade, finance minister says

https://www.reuters.com/markets/currencies/russia-is-using-bitcoin-foreign-trade-finance-minister-says-2024-12-25/

58 Upvotes

99% Upvoted

Doesn't surprise me that a criminal nation is using a currency often used by criminals.

6

u/Oreotech 12d ago

Only dumb criminals use a crypto that allows every transaction to be traced.

6

u/chocki305 12d ago

By the time it hits Bitcoin.. the criminals have already achieved their main goal.

Launder the cash into easily usable currency.

https://www.cnbc.com/2024/07/16/crypto-is-increasingly-being-used-for-money-laundering-chainalysis-says.html

u/No-Wonder1139 12d ago

I'm pretty sure that's what most of Bitcoin is used for.

u/JASPER933 12d ago

Hmm explains why the future dictator is a fan of bitcoin!

4

u/Nice-Personality5496 12d ago

Right?

It all makes sense.

u/SativaGummi 11d ago

They may have no choice. Their own currency is virtually worthless. The ruble is, literally, worth one penny.

u/rddmdsrped0saaa 11d ago

Really shows a good use case for crypto in general.

u/hoguensteintoo 11d ago

Can not believe we let Russia walk all over us! This is bidens legacy!