Russia

Amid the tragedy of Russia’s invasion of Ukraine, Bitcoin acts as a humanitarian lifeline.

As Bitcoin continues to grow — and with it, the target on its back — bitcoin miners should be hyper-aware of third-party risks and attempt to mitigate them.

The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.

Russia’s Federal Tax Service proposed a change to the “On Digital Currency” legislation allowing entities to accept bitcoin as payment in foreign trade.

The International Monetary Fund published a report detailing how Bitcoin disrupts the world order, enables sovereignty amid sanctions, and demands regulatory action.

In a world of collective identitarian movements, Bitcoin is perhaps the clearest embodiment of the liberal ideal of individual sovereignty.

While Russia sends out hopeful hypotheticals, major companies are making real progress in the Bitcoin industry in America.

Bitcoin is a free and open monetary network, accessible by anyone — which makes sanctions quite ineffective.

News out of Russia indicates the country is open to accepting Bitcoin and other hard assets in exchange for oil and other commodity exports.

Russia can trade with ‘friendly’ countries in national currencies or bitcoin, the chairman of the State Duma committee on energy said.