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Bitcoin World 2024-08-17 18:57:26

Chinese Banks Reject Russian Payments, Boosting Use Of Crypto

Chinese regional banks, once vital for processing Russian payments, are now rejecting these transactions due to concerns about secondary sanctions. This has led to the rise of alternative methods such as cryptocurrency and barter to maintain trade between Russia and China. The smooth flow of Russian-Chinese trade is now disrupted as Chinese regional banks halt

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