Russia needs to consider using crypto in wake of Trump's reserve, business lobbyist says

Business and Finance Business and Finance

Tue, March 25, 2025

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Russia needs to consider using crypto in wake of Trump's reserve, business lobbyist says

^{Published on 2025-03-24 20:21:10 - Cryptopolitan}

With the United States under President Trump already stockpiling cryptocurrencies, Russia should also explore opportunities to use Bitcoin and the like, according to the head of a major Russian business lobby group.

The article discusses comments made by a lobbyist for Donald Trump's business interests, who suggested that Russia should consider using cryptocurrencies in response to the economic sanctions and financial isolation imposed by Western countries. The lobbyist, speaking at a conference, highlighted that with traditional financial systems becoming increasingly restricted for Russia due to geopolitical tensions, cryptocurrencies could offer an alternative means for transactions and economic operations. This suggestion comes in the context of Russia's ongoing efforts to mitigate the impact of sanctions, exploring various financial tools and strategies to bypass the restrictions. The use of crypto could potentially help Russia maintain some level of economic activity despite the international financial blockade. However, the article also notes the inherent risks and volatility associated with cryptocurrencies, as well as the potential for further regulatory crackdowns by other nations in response to such moves.

Read the Full Cryptopolitan Article at:
[ https://www.msn.com/en-us/money/markets/russia-needs-to-consider-using-crypto-in-wake-of-trump-s-reserve-business-lobbyist-says/ar-AA1BzX3y ]

N@N

Russia needs to consider using crypto in wake of Trump's reserve, business lobbyist says