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There are signs that western measures and a domestic crackdown on Kyrgyzstan’s traditional banking sector are starting to bite, hindering Russian efforts to evade sanctions. Yet, booming transactions of a Kyrgyzstan-registered, ruble-linked cryptocurrency on a Kyrgyz exchange this spring indicate that sanctions-busters are still very active in the Central Asian nation…
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Sanctions Push Russian Money into Kyrgyz Crypto Markets
Camellia Kazmierczak
21:22
There are signs that western measures and a domestic crackdown on Kyrgyzstan’s traditional banking sector are starting to bite, hindering Russian efforts to evade sanctions. Yet, booming transactions of a Kyrgyzstan-registered, ruble-linked cryptocurrency on a Kyrgyz exchange this spring indicate that sanctions-busters are still very active in the Central Asian nation…
