New decree prohibits leaving Russia with more than $10,000 in foreign currency: Crypto demand is going to skyrocket

Russians are no longer allowed to leave Russia with more than $10k in a foreign currency.

Now imagine you want to leave Russia and bring money with you. You don’t want to hold Rubles because they’re losing value by the second. You can’t hold foreign currency.

How do you bring money with you? Crypto. You buy lots of BTC and ETH, store your wallet keys safely, and leave the country with no one any the wiser.

Russians will use crypto to get out of the hellhole that is Russia and start a new life, now that they can’t use foreign currencies to do it.