Russian banks use cryptocurrency exchanges to circumvent Western financial sanctions.
As specified by Bloomberg, credit institutions eliminate currency hunger with the help of Huobi and KuCoin.
Bank customers using debit cards linked to exchange wallets are buying Tether (USDT), analysts at Inca Digital found out. Inca Digital CEO Adam Zarazinski told reporters that Russians use Huobi and KuCoin to withdraw money to foreign bank accounts.