ertnews.gr

Russia Turns to Bitcoin and Digital Currencies for International Payments

Russian companies have started using Bitcoin and other digital currencies for international transactions following legislative changes aimed at countering Western sanctions, according to Finance Minister Anton Siluanov. The sanctions have complicated Russia’s trade with major partners like China and Turkey, prompting the country to embrace cryptocurrencies in foreign trade. President Vladimir Putin supported the expanded use of cryptocurrencies, citing Bitcoin as an alternative asset that cannot be regulated globally.

Source

LEAVE A RESPONSE