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Russia hypothetically accepts Bitcoin for oil and gas — if you’re its ‘friend’

World powers paying Russia for its oil and gas with Bitcoin is unlikely. Still, it’s wild to see the cryptocurrency namedropped like this.

Russia can dabble in crypto but won’t avoid sanctions, US analysts say

Russia’s central bank is reversing its stance on crypto to avoid sanctions. But top analytics firms Chainalysis and Elliptic aren’t worried.

Binance, Kraken, and Coinbase have refused blanket bans on Russian users, citing libertarian values. FTX has already cut off Russian banks.

Coinbase’s chief counsel cited its geoblocking of Crimea while defending the exchange’s decision not to ban Russia-based users.

Crypto gaming startup Animoca Brands worries it could be cut off from the financial system if it doesn’t block Russia-based users.