Chainalysis: Ruble-denominated crypto activity was just $34.1M on March 3, down from $70.7M on February 24 and a record $158M on May 20 2021 (Muyao Shen/Bloomberg)

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Muyao Shen / Bloomberg:

Chainalysis: Ruble-denominated crypto activity was just $34.1M on March 3, down from $70.7M on February 24 and a record $158M on May 20 2021  —  The Russians-are-evading-sanctions-via- crypto narrative looks off the mark.  —  As the world’s largest digital currency rallied 12% Monday …

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