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 is using bitcoin in foreign trade, finance minister says
Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.
Russia says it's using bitcoin to evade sanctions
Russian companies are using bitcoin to evade Western sanctions, thanks to a new law, the country's Finance Minister Anton Siluanov confirmed in a television interview. Why it matters: Russia's economy has been hampered by difficulties in making and receiving international payments,
Putin Endorses Bitcoin’s Role in Russia’s Expanding Global Financial Reach
Russia has authorized Bitcoin for international payments, aiming to counter Western sanctions and enhance foreign trade transactions.
Russia’s Strategic Shift to Bitcoin for International Trade
Russian Finance Minister Anton Siluanov has confirmed that Bitcoin is being used by the country for international trade, highlighting its potential to reduce reliance on traditional payment systems such as the U.
Russia’s Finance Minister Confirms Use of Bitcoin in International Trade
Russia’s Finance Minister Anton Siluanov has revealed that the country uses Bitcoin for international trade. Bitcoin transactions can reduce Russian firms’ reliance on dollars and
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