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Despite the tightening sanctions against Russia, crypto trading in the country continues. Russian investors appear to continue to conduct transactions in BTC and other cryptocurrencies. Data from Kaiko, a blockchain analytics firm indicates that Ruble-bitcoin trading volumes rose on Saturday, making this the highest level in 2022.
The majority of ruble-denominated crypto trading volumes appeared to be conducted using the Tether stablecoin, which is backed 1-1 with fiat.
Bitcoin rubble transactions also grew by a higher magnitude on March 5, according to Kaiko. The transaction volume for Bitcoin-ruble …
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