Russia builds crypto channels in Africa to bypass sanctions

ukranews.com (Ukrainian)

Russia is establishing crypto channels in Africa to bypass sanctions. The Center for Countering Disinformation reports Russia is using platforms like A7 in Nigeria and Zimbabwe for payments via stablecoins and debt instruments, which are harder to track. This initiative aims to reduce reliance on Western-controlled financial systems, with Africa chosen due to its growing crypto market and weaker financial regulations.


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Russia builds crypto channels in Africa to bypass sanctions | News Minimalist