Russians Are Flooding Their Ventures To Dubai Using Crypto

 

Russians Are Flooding Their Ventures To Dubai Using Crypto

Russians are headed toward crypto platforms of the United Arab Emirates (UAE) in an attempt to save their fortunes, requesting crypto firms to liquidate billions of dollars, as per Reuters.Similarly, some of them want to buy real estate in UAE, while others are desired to convert their assets into fiat money and hide it.

An exchange confirmed that they received too many requests from Swiss brokers in the past ten days, asking to liquidate Bitcoins worth billions of dollars as they are worried Switzerland’s authorities might freeze the funds. The firm said all of the requests were for $2 billion or more.