‘Rubles cleared of risks’: Cryptocurrency transactions are banned in Russia. But this didn’t stop the State Hermitage Museum from earning nearly $450,000 from an NFT auction.

In September, Russia's State Hermitage Museum raked in almost $450,000 by auctioning off famous paintings from its collection in the form of NFTs (non-fungible tokens). Despite the fact that cryptocurrency transactions are prohibited in Russia, the state museum still managed to collect the money from the sale of these digital reproductions. To do so, the Hermitage relied on the services of an intermediary, which transferred the money through a chain of third parties based abroad, according to a new report from BBC News Russian. Original Article: https://meduza.io/en/feature/2021/11/19/rubles-cleared-of-risks