🚀 Russia Uses Crypto to Trade Oil with China, India

🟢 Using crypto to evade sanctions: Russia uses Bitcoin (BTC), Ethereum (ETH), and USDT to trade oil with China and India, helping to convert yuan and rupees into rubles.

🟢 Large transaction volume: Oil trading with crypto in China could reach tens of millions of USD each month.

🟢 Legal changes: From December 2024, Russia legalizes crypto for international payments to counter Western sanctions.

🟢 Putin supports Bitcoin: Mr. Putin emphasizes that Bitcoin is an unmanageable asset and could replace the USD in trade.

🟢 Controlling the crypto market: Russia is testing a special legal mechanism (ELR) to manage digital asset transactions and limit crypto mining from January 1, 2025, for 6 years.

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