According to a recent analysis, Eastern Europe receives over 18% of all cryptocurrency from addresses linked to risky or illegal behavior, significantly higher than any other region. Both nations have seen a steady rise in bitcoin transfers as the news of Russia’s invasion of Ukraine has dominated the region. Following its suspension from SWIFT, cryptocurrency may have helped finance Russia’s international trade, according to renowned blockchain intelligence company Chainalysis. Stablecoin Transaction Volume in Russia Rises While it remains to be seen whether Russian oligarchs have begun utilizing cryptocurrency to circumvent sanctions, a professional thinks that some businesses in the nation The post Stablecoin Usage in Russia Increased Post-Ukraine Invasion: Report appeared first on Cryptoknowmics-Crypto News and Media Platform.
