News for hackers. Stuff that matters.

A comment on Russian central bank confirms block on foreign bids to sell Russian securities. Parent comment

Re:Russian central bank confirms block on foreign bids to se... by chaoz_ on Monday February 28, 2022 @05:42AM (#30498449)
I am saying that conversion back to RUB (actually something you can use to pay for gas/food/rent) is still going to be problematic. Meaning that you're supposed to pay tax and if amount of money is somewhat significant, you might get your bank account auto-blocked.

LocalBitcoins is blocked, but there are still analogues (not with greatest rate, but anyway).

Russia <-> Crypto relationship is complicated and recently Central Bank proposed additional restrictions, but its not approved yet.

https://www.reuters.com/business/finance/russian-cbank-propo...

[ Parent | on HN ]
Re:Russian central bank confirms block on foreign bids to se... by jacquesm on Monday February 28, 2022 @06:57AM (#30498899)
> I am saying that conversion back to RUB (actually something you can use to pay for gas/food/rent) is still going to be problematic.

I suspect - but absent evidence this is speculation - that you can probably pay with gold and 'hard' currency easily right now in Russia, this was the case before the iron curtain fell (illegal, of course) and I don't see why it would be any different today. People hate being paid in a currency that loses double digit percentages of value overnight.

[ Parent | on HN ]