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While the Kremlin hopes the new cryptocurrency will revive Russia’s flagging economy and help evade sanctions, experts are warning it will be “the ultimate social control tool.”
Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.He said the move will allow Russia to avoid banks where it faces restrictions, and that the blockchain is "much less easy to sanction and attack".
Russia began testing its new digital rouble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.