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I know quite some Russian companies using bitcoins t to trade with western companies. For example large ad networks and bookies that operate there and pay in bi
by holoduke 1y ago
I know quite some Russian companies using bitcoins t to trade with western companies. For example large ad networks and bookies that operate there and pay in bitcoins. Malta, Switzerland are quite popular for these constructions.
- fmbb 1y agoIsn’t that illegal, I mean what those Western companies are doing? So that does not answer the question what legit stuff businesses do.
- kragen 1y agoProbably not. Most Russian companies are not subject to sanctions even in the US, but many of their banks are. And most Western companies are not in the US and consequently aren't bound by US sanctions. However, AFAIK eight of Russia's biggest banks are still cut off from SWIFT: https://en.m.wikipedia.org/wiki/SWIFT_ban_against_Russian_banks https://en.m.wikipedia.org/wiki/SWIFT_ban_against_Russian_ba...