Russian companies have begun to exploit Bitcoin and others digital currencies in international payments. This happened after legislative changes, which allowed such a violation in order to counteract the extreme sanctions.
Russian Finance Minister Anton Siluanov stated this, reports RBC-Ukraine s sent to Reuters.
The agency writes that the sanctions have complicated life for Russia with its main partners, such as China and Turkey. The point is that local banks are careful about the interests associated with Russia, in order to avoid the control of external regulatory authorities.
At the same time, Russia allowed the use of cryptocurrencies in foreign trade and gained experience with the legalization of cryptocurrency mining, including Bitcoin. The aggressor country is one of the world leaders in Bitcoin mining.
“Within the framework of the experimental regime, it is possible to recover (from foreign trade operations – ed.) the bitcoins that we obtained here from Russia. Such transactions are already underway. We respect that they continue to expand and develop further. I hope that the next fate will come,” said Siluanov.
He also added that international payments in digital currencies will not happen in the near future.
Similarly guessed it right what's the month Russian dictator Vladimir Putin stated that the current US administration supports the role of the American dollar as a reserve currency. Zokrema, which is being used for political purposes, is increasingly likely to turn to alternative assets.
As a butt, Putin saw Bitcoin, declaring that no one in the world can regulate it cryptocurrency.
“Putin’s speeches showed that the Russian leader encourages a wide range of cryptocurrencies,” Reuters summarized.
We guess that on the 5th of April 2024, Bitcoin hit its all-time high. The value of one coin that day exceeded 100,000 dollars.
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