Russia is on a quest to get around US sanctions. One of the latest, in a series of moves, the country has taken is to authorize crypto-mining.
In this article I discuss how the ability to get out from under an oppressor is what crypto offers. This is true whether it is a government or individual.
Here is the article mentioned in the video:
https://www.bankless.com/russia-legalizes-crypto-mining
▶️ 3Speak
Are you viewing the USA as the oppressor here? Obviously Russia has been sanctioned by a huge number of countries because of the illegal and immoral invasion of Ukraine where hundreds of thousands of innocent people (Ukrainian civilians including children, Ukrainian defenders and Russian soldiers) have been killed.
In the early days of crypto, I did hear about news/rumors of it being widely used in the black market and other illegal activities. So Russia turning to crypto is an expected outcome with all its sanctions. With all of the positives of crypto, it can't be helped that there will be negatives. Letting tyrants, dictators, and corrupt governments go around sanctions and continue their oppression is one of them.
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