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 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’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 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 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
Russia adopts Bitcoin, crypto assets for cross-border transactions, finance minister says
Russian firms embrace Bitcoin for cross-border payments to bypass sanctions, amid new crypto laws and mining restrictions till 2031.
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.
Ukraine promises sanctions in response to Russia's use of Bitcoin in international trade
Ukraine has announced "sanctions and other solutions" to block Russia's unwanted cryptocurrency payments. Source: Vladyslav Vlasiuk, Advisor to the president of Ukraine and Commissioner for Sanctions Policy Details: Vlasiuk recalled that Russian companies started using Bitcoin and other digital currencies for international payments after changes in legislation allowed such transactions in order to counter Western sanctions.
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 ...
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.