Russia is mining a hot cryptocurrency, trying to solve one big trade problem
Some businesses have begun using crypto, including bitcoin, to make international payments, Russia's finance minister said.
Russia Turns to Bitcoin for International Trade Amid Sanctions
In response to Western sanctions, Russia has begun utilizing Bitcoin and other cryptocurrencies for international trade. Finance Minister Anton Siluanov confirmed that legislative changes now permit such transactions,
Russia’s finance minister reveals bitcoin is being used to conduct foreign trade
“As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia, in foreign trade transactions,” Russian Finance Minister Anton Siluanov said in an interview on the Russia 24 television channel.
Russia begins using bitcoin in payments amid Western sanctions
Russian companies started conducting international transactions using bitcoin and other digital currencies, following legislative changes allowing such payments.
Russia uses Bitcoin to circumvent sanctions
The finance minister of the aggressor country of russia, Anton Siluanov, confirmed in a television interview that russian companies are using Bitcoin to
Russia Expands Use of Bitcoin in Foreign Trade, Says Finance Minister
Russia is expanding the use of Bitcoin in foreign trade to bypass sanctions, as confirmed by Finance Minister Anton Siluanov.
Russia Turns to Bitcoin: A New Era of Sanction-Proof Trade?
Facing crippling sanctions, Russia is turning to cryptocurrency to keep its global trade alive. With Bitcoin now fully legal for international payments in Russia, President Putin has embraced it as a compelling alternative to traditional finance.
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Russia has begun using Bitcoin and other digital currencies for international trade. This move follows legislative changes ...