🇷🇺 Russia Confirms Using Gold, Netting & Crypto for Cross-Border Payments

Yuri Chikhanchin, head of Russia's financial watchdog, revealed to President Vladimir Putin that Russian companies are now actively using gold, netting systems, and cryptocurrencies to settle international trade—bypassing traditional banking rails limited by U.S. and Western sanctions.

🔍 Additionally, a new national blockchain platform called "Transparent Blockchain" is under development and expected to go live by the end of 2025, allowing the Russian government to monitor all crypto transactions within its jurisdiction.

Source: Reuters – July 8, 2025

Insight:

This marks one of the clearest signals yet that crypto is becoming part of global strategic finance tools. As traditional financial routes tighten under political pressure, Bitcoin, stablecoins, and other decentralized methods continue gaining real-world use cases.

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