Russia’s Crypto Oil Trade: A New Era of Decentralized Finance?

As Western sanctions restrict Russia’s access to the global financial system, the nation is increasingly turning to cryptocurrencies like Bitcoin, Ethereum, and Tether for oil trade with major buyers in China and India. This shift has profound implications for the future of international commerce, offering a glimpse into a new era of decentralized finance (DeFi). While still nascent, this trend raises questions about the potential disruption it poses to traditional financial systems. )