By employing intermediaries, Russia has adapted a multi-step process to avoid sanctions, converting Chinese yuan and Indian rupees into cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This method allows for smoother currency conversions and keeps transactions discreet.
The increasing use of cryptocurrencies in trade signals a growing challenge to the dominance of the U.S. Dollar. Countries are looking to digital currencies as alternatives, marking a significant shift in global trading practices.
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