The ongoing Russian conflict has caused Euro Union and other political powers to heavily sanction Russia. Some of these sanctions involve blocking bank transfers between the eurozone and Russia.

Now I do not want to enter a political discussion here, but I think most of these sanctions are actually hurting the individual citizens more than the government to whom they should be targeted.

This has caused that a lot of people that live abroad cannot for instance send money to their loved ones in the country, spend money whenever they go there for a visit, or for people who live and earn money in Russia to spend that money abroad.

Additionally, many banks have seized Russian-owned bank accounts in Europe, essentially stealing their money without them being able to do anything to prevent this.

Of course we could get in the argument here that you do not really own your hard-earned fiat money. After all, if I cannot spend my fiat money in a bakery in Russia, do I really own my money?

This is where Monero shines (or should be shining) in my opinion. Monero should give Russians the ability to break free from these sanctions and actually spend their money however they want.

However, looking into Haveno, there are 0 offers in Russian Rubles (RUB), and historically there have been zero trades with RUB. Also trying to find information on Russian forums about Haveno, no one seems to talk about it at all.

However, before Haveno came out officially, I used another centralized P2P exchange called bitpapa, which I do not promote or recommend, as even though I used it without problems on some occasions, I do not know if it can be fully trusted.

My experience is that (maybe just a coincidence) all trades I did there were done with Russians. So it seems that that platform might be the one preferred by them.

And here is where I want to open a discussion:

Why do you guys think is the reason that there are so little trades in a currency so heavily sanctioned, when Monero is supposed to fight exactly against this kind of issue?

Perhaps there is some failure in our communication methods, and the information about Haveno is not reaching the relevant forums or circles?

  • Blake@monero.town
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    11 days ago

    check out my latest article on BRICS Pay and their proposed crytpocurrency: ‘the unit’

    https://blakelovewell.com/brics-coin-the-unit-vs-the-dollar/

    russia is full tilt heading towards a cbdc system,

    but building a parallel financial infrastructure, along with the rest of BRICS, outside of USA/Western control


    regarding Haveno - it’s early days. localmonero was big here in the UK but got scared off with the latest tranche of anti-crypto legislation

    haveno isn’t big at all, usually I see <10 nodes running at any one time. But if it’s the only option then it will catch on. necessity is the mother of invention!