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Com TW NOw News 2024

China-Russia International Trade Payments Situation Deteriorates: Crypto and Barter Rise as Alternatives
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China-Russia International Trade Payments Situation Deteriorates: Crypto and Barter Rise as Alternatives

Chinese banks reject payments from Russia: crypto and even barter rise as optionsChinese regional banks, once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrencies and even barter arrangements have emerged as options to continue trading outside the dollar-dominated financial system. Crypto considered for handling trade transactions between China (…)