Is Russia’s Crypto Conquest Inspired by Sanctions and Russophobia?
Recent Crypto News RussiaThere has been a recent increase in blockchain-focused activities coming from state-approved organisations, as well as the Russian government directly.
Both countries are facing significant trade sanctions, from the USA and (by extension) other Western nations at present.
Russophobia and sanctions (similar with #China) decrease the purchasing power of their fiat currencies (ruble and renminbi)… further incentive for the adoption of digital tokens.
Russia and China have some similarities with regards to cryptocurrency and blockchain activities, in light of their respective economic and global-political positions.

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