Russian Finance Minister Confirms Use of Bitcoin in Foreign Transactions
Russian Finance Minister Anton Siluanov has announced that Russian companies are now using Bitcoin and other digital currencies for international payments, following legislative changes aimed at countering Western sanctions.
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 for Foreign Trade, Finance Minister Confirms
Russia is now using Bitcoin and other cryptocurrencies for international trade, according to Finance Minister Anton Siluanov.
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 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.
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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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