Russian military manufacturer wants to sell guns for BTC to circumvent US sanctions

posted 12 months ago
A group of Russian military and civilian vehicle makers, Soyuzmash, wants the country’s Central Bank to grant it permission to accept Bitcoin payments in international arms deals – as an attempt to circumvent sanctions. The proposal is backed by the parliament’s defense commission. Soyuzmash vice president Vladimir Gutenev said he had “personally discussed” the cryptocurrency proposal with central bank chief Elvira Nabiullina.

Soyuzmash would like to offer potential international arms buyers the chance to pay for weapons and military equipment using Bitcoin. The Soyuzmash VP noted that international arms sales have been hit badly by Unites States-led sanctions, with payments delayed “for months” and transactions “becoming very difficult.”
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