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BREAKING: Putin Authorizes Secret Society of Rich Friends to Launder Money With Magic Internet Beans While Pretending It’s Not a Total Scam

A  illustration depicting a group of wealthy businessmen in suits standing around a large table with laptops open, surrounded by stacks of cash and Russian flags. In the center of the image is a giant blockchain symbol made up of interconnected blocks, while on one side a Chinese dragon rises from a pile of coins, representing international trade. The atmosphere is tense, as if waiting for something to go wrong.

Yeah, because what Russia really needs is another way for oligarchs to launder money while pretending it’s legitimate business practice.

Source: bitcoin.com

A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China. A select group of Russian firms has been granted permission to utilize digital currencies for paying Chinese imports […]

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