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November 28, 2023

Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges

Russians are increasingly turning to international cryptocurrency exchanges to remain one step ahead of their country’s strict regulatory framework. Crypto traders based in Russia have found that they can access international crypto exchanges even though accessing these exchanges is technically forbidden in the country. They do this by using virtual private networks (VPNs) to hide their location. This strategy is not unheard of among crypto traders in other jurisdictions, but it is particularly popular among those in Russia. This is because both buying and selling digital currency in Russia is heavily regulated, with the government restricting access to international exchanges. Traders in Russia use VPNs to securely hide their identity and virtual footprint when accessing international cryptocurrency exchanges. This allows them to buy and sell digital assets without fear of governmental crackdowns. Although it is technically unlawful to access crypto exchanges in Russia, many traders have found they are able to do so without any repercussions. This has made cryptocurrency trading increasingly popular for Russians, who are seeking to participate in the global crypto markets.