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 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 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
Putin follows Trump’s bitcoin embrace. Can crypto help Russia evade sanctions?
The Russian government has been a historic opponent of bitcoin, banning its use for domestic payments, but has recently come to see the potential benefits of virtual currencies for evading U.S. and Western sanctions.
Russia’s Strategic Shift to Bitcoin for International Trade
Under the weight of stringent international sanctions, Russian companies are increasingly relying on Bitcoin to facilitate trade. Speaking to Reuters on December 25, Siluanov confirmed the active use of BTC by businesses for trade settlements, a method that offers a way to sidestep financial restrictions.
Russia Begins Using Bitcoin for Foreign Trade, Finance Minister Confirms
Russia is now using Bitcoin and other cryptocurrencies for international trade, according to Finance Minister Anton Siluanov.
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 embracing bitcoin in bid to bypass sanctions as Biden plans more before Trump comes in
Russia has begun using Bitcoin and other digital currencies for international trade. This move follows legislative changes aimed at countering Western sanctions. The shift aligns with US President Joe
Sanctions? Russia is now using bitcoin for international trade
Can one be a staunch crypto backer and a supporter of U.S. dollar supremacy? That stance could become a dilemma for President-elect Donald Trump, who has touted both goals for his next administration.
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.
Bitcoin Is Rising. How Putin Could Drive the Crypto Higher.
Bitcoin rose early Friday, but is still in the red for the week. Meanwhile, news out of Russia over Christmas may be ...
AMBCrypto12h
Exploring Bitcoin’s role in evading sanctions as Putin follows Trump’s lead – Will it work?
According to President Putin, the U.S. government has used the U.S Dollar to wage war, diminishing its role as the reserve ...
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.
cryptonews2d
Bitcoin Price Holds Steady Near $98,000 as Russia Embraces BTC for Trade and MicroStrategy Expands Holdings
Bitcoin stabilizes near $98,000 amid Russia's adoption of BTC for trade and MicroStrategy's continued Bitcoin accumulation, ...
Hosted on MSN1d
Russia Says ‘Not the Time’ for Bitcoin Reserve but Door is Open
Russia has no immediate plans to establish a Bitcoin reserve. Finance Minister Anton Siluanov highlighted the risks of ...