Russia challenges US dominance with new cryptocurrency exchanges

News Snapshot:

Russia's recent move to establish its own cryptocurrency exchanges is making waves in the financial world. George Tung, Host of CryptosRUs, explains that this decision, motivated by Russia's leadership among sanctioned countries, reflects a broader strategy to distance itself from the U.S. dollar. This development could signify a shift in global financial dynamics, especially as other nations consider stockpiling bitcoin as part of their strategic reserves. George Tung highlights that Russia's new exchanges will avoid any trading that involves the U.S. dollar, aligning with the nation's push to operate independently of Western financial systems. The focus will instead be on...