Topic: How to transfer millions of Rubles efficiently and safely ? (Read 87 times)
So ya think bitcoin is better ?
Grab a piece of paper and a pen and write this paper is worth 10 million rubles on it.
That is about all they are worth out of Russia at the moment.
Their central bank has raised interest to 20%+
AND
There are strict rules for converting it to other world fiats inside the county.
And I don't think there is any bank in a major country that would exchange it outside of Russia out of fear of sanctions.
-Dave
That is about all they are worth out of Russia at the moment.
Their central bank has raised interest to 20%+
AND
There are strict rules for converting it to other world fiats inside the county.
And I don't think there is any bank in a major country that would exchange it outside of Russia out of fear of sanctions.
-Dave
I don't think it's possible, and it depends on who you are, where you reside etc. If you're a regular citizen, and you want to sell rubles for cryptos, it might be possible on crypto exchanges. I believe they only freeze assets of those directly under sanctions, so unless you're one of those, you are safe. But they will ask you to provide ID and possibly other documentation, such as utility bills. And they will check whether your transactions might be a way of helping the Russian government to get hold of their money and evade sanctions. Overall, I think it depends more on the restrictions imposed by Russia than by exchanges, so you should look into those.
Of course, there might be some black market options, but I don't know that stuff and don't want to know how it works.
I'm sorry your currency is devaluating, but that's what Russia gets for the terrible atrocities it's committing in Ukraine right now.
Of course, there might be some black market options, but I don't know that stuff and don't want to know how it works.
I'm sorry your currency is devaluating, but that's what Russia gets for the terrible atrocities it's committing in Ukraine right now.
See title.
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