Let's take a look at the encrypted path of Sino-Russian oil transactions!

According to VanEck, China and Russia are currently using Bitcoin to pay for energy transactions.

While cryptocurrency settlements still account for a very small share, the scale is growing.

The cryptocurrency payments for oil transactions with China are worth tens of millions of dollars each month.

The payment path is as follows:

Chinese buyers transfer RMB to an offshore account, intermediaries convert it into Bitcoin and send it to another account, Russia supplies the oil, and then Bitcoin is exchanged for rubles within Russia.