Russia’s Crypto Dream: Mining Rubles & Dodging Sanctions Like a Boss 💰

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Deputy Finance Minister Ivan Chebeskov casually dropped that Russia is building its own crypto playground-because, you know, relying on the rest of the world is so last season. 🎭 The Bank of Russia is already in on it, letting “qualified investors” (read: rich people with a death wish) play with crypto like it’s Monopoly money.

Russia Decides Crypto Needs Its Own Fancy Sandbox 🏗️

Because apparently, the wild west of crypto wasn’t chaotic enough, Russia is now rolling out its very official infrastructure-because nothing says “trust us” like a government-backed blockchain experiment. According to TASS (because who needs unbiased reporting?), this will help Russians use crypto in totally legal ways that definitely won’t involve sanctions evasion. Wink.

Meanwhile, the Bank of Russia and the State Duma have been busy pretending they love crypto-except when they don’t. They’ve been pushing for a national framework, but surprise, surprise-there’s no actual infrastructure yet. Classic bureaucratic efficiency. 🐌

Chebeskov, in his infinite wisdom, dropped this gem:

“The market is telling us we need infrastructure. We need our own infrastructure, including for mining and everything related to cryptocurrencies.”

Groundbreaking insight, Ivan. Truly. 🙄 He didn’t bother explaining how this magical infrastructure would work, but hey, at least he confirmed it’s being built-probably by the same people who brought you the glorious Russian economy.

The Bank of Russia, ever the buzzkill, still hates crypto as actual money-but loves it for international payments. Because nothing says “financial stability” like using volatile digital assets to dodge sanctions. Bravo. 👏

This new infrastructure might include a national exchange-because why let regular people trade crypto when you can gatekeep it behind “qualified investors” (aka oligarchs with spare change)? The Bank of Russia has already approved crypto-linked products, because nothing screams “safe investment” like Russian crypto. 🚀

Local analysts, bless their hearts, have pointed out that relying on international crypto firms while being very sanctioned is… risky. Who knew? So Russia’s new crypto playground might just be their way of saying, “Fine, we’ll do it ourselves.” Cue Soviet anthem. 🎶

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2025-10-04 06:58