28/11/2022
President Putin said the new system would be independent of banks and third-party interference. He suggested creating a system based on digital currency and blockchain technology.
According to him, the current system is “controlled by a small club of states and financial groups."
Russia has made several pro-crypto moves following the wave of sanctions imposed on it by the west.
Iran is also another country that has attempted to boycott western sanctions through crypto use. The Asian country completed a $10 million import order payment using crypto in August.
