Cryptocurrencies are unlikely to help Russia avoid sanctions, according to Moody’s.

Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions

Cryptocurrencies are unlikely to help Russia avoid sanctions, according to Moody’s.

According to a Moody’s report, crypto assets are not a viable option for sanctioned Russia. Despite rising usage in small transactions, poor liquidity is another barrier to Russians using bitcoin and other cryptocurrencies.

Russia may accept cryptocurrency payments for its oil and gas exports, according to officials in Moscow.

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