US-sanctioned Russian oligarch urges Russia’s central bank to introduce Bitcoin

Russian oligarch Oleg Deripaska has again urged the Russian government to stop ignoring Bitcoin (BTC) after the US Federal Criminal Police Office raided their homes in Washington and New York.

In a telegram post on Thursday Deripaska argued that the Bank of Russia was “childish to ignore the growing cryptocurrency market”.while the US Treasury “has invested particularly in this direction”.

The billionaire emphasized that cryptocurrencies like Bitcoin have enormous potential not only to help Russia bypass US sanctions, but also but also to weaken the US dollar, says:

“The United States has long recognized that uncontrolled digital payments can not only destroy the effectiveness of the entire economic sanction mechanism, but can also bring the dollar down as a whole.”

US-sanctioned Russian oligarch urges Russia’s central bank to introduce Bitcoin
US-sanctioned Russian oligarch urges Russia’s central bank to introduce Bitcoin

Deripaska made specific reference to a US Treasury Review published in October 2021.. According to the oligarch, the American authority He “effectively admitted” that growing fintech tools like cryptocurrencies pose a serious threat to the US dollar.

“This means that the development of the non-state controlled cryptocurrency market could lead the US Treasury Department into a possible default on its $ 30 trillion debt.”argued Deripaska.

“It is time to open your eyes and take a serious look at cryptocurrencies. In the aging American establishment, there are still many people ready to fight., he claimed.

Last Friday, the U.S. Treasury Department released a leaflet that guides cryptocurrency companies to ensure they are complying with U.S. sanctions. The agency said the Office of Foreign Assets Control (OFAC) sanctions “apply to both virtual currency transactions and traditional fiat currency transactions”, and I add:

“Members of the virtual currency industry are responsible for ensuring that they do not participate, directly or indirectly, in transactions that are prohibited by OFAC sanctions, such as handling banned persons or property or participating in prohibited transactions related to trading.

Deripaska’s latest comments come after FBI agents raided homes linked to the oligarch in Washington and New York City on Tuesday. According to reports, a Deripaska representative said the searches were conducted on the basis of two court orders related to US sanctions. With close ties to Russian President Vladimir Putin, Deripaska was subject to US sanctions in 2018.

The Russian oligarch has criticized the Russian central bank for previously rejecting Bitcoin. In June the billionaire argued that Russia must move towards cryptocurrencies in order to provide a “real financial instrument that enables independence in foreign trade agreements”.

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