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Russia legalizes crypto for cross-border trade

• toomuchtodo 2y ago
  Not good for crypto.
  • r721 2y ago
    This article also seemingly fails to make clear that using crypto for payments inside Russia is still forbidden: >The new law will not lift an existing ban on cryptocurrency payments inside Russia. https://www.reuters.com/technology/russia-launch-international-payments-crypto-before-end-2024-2024-07-30/ https://www.reuters.com/technology/russia-launch-internation...
    • toomuchtodo 2y ago
      This is an attempt to evade global financial sanctions. You now risk OFAC violations with crypto counterparties.
      • DANmode 2y ago
        Always been the case.
  • protomolecule 2y ago
    Isn't the whole idea of crypto is being free from governments' power? And now being crypto isn't good for crypto?
    • toomuchtodo 2y ago
      You're never free from government power unless you're outside of the reach of law enforcement. https://xkcd.com/538/ https://xkcd.com/538/
      • protomolecule 2y ago
        Yes, but it's a gradient of grey, not black and white.