Infura Sanctions Fiasco Shows Fragility of Non-Bitcoin Crypto


Amid the growing momentum to bar Russia from international payment rails, the potential usage of bitcoin and cryptocurrency by the country and its citizens to bypass sanctions from the U.S. and other nations has stirred polarizing takes. While some judge it to be impossible for Russia to leverage bitcoin to go around financial restrictions, others have been concerned that this possibility could undermine Western countries’ efforts to stop the Russian army by crippling its economy.

Bitcoin, despite being a tangible alternative to Russian citizens who now may find themselves unable to send and receive money freely as their own country imposes capital controls to contain the damage of foreign sanctions, is unlikely to equally help the Eastern European nation and its oligarchs evade Western restrictions as noted by the Bitcoin Policy Institute (BPI).

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