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1 sat \ 0 replies \ @siggy47 28 May 2022 \ on: Russia mulls allowing cryptocurrency for international payments, Interfax reports. bitcoin
I can't believe this isn't bigger news. The U.S. is basically forcing Russia into default status on loans because they can't pay with the specified currency (usually USD).
https://www.reuters.com/markets/europe/russias-political-debt-default-sets-emerging-market-precedent-2022-05-27/
Putin has already noted Russia's competitive advantage in bitcoin mining. Things could get interesting.