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Russia and Venezuela's Plan to Sidestep Sanctions: Virtual Currencies

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Caracas, Venezuela

People waiting outside a bank in Caracas, Venezuela, last month to exchange the Venezuelan bolvar for a new local currency.

Credit:Federico Parra/Agence France-PresseGetty Images

Russian and Venezuelan officials are hoping virtual currencies can help their countries make an end run around American sanctions.

From The New York Times
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