Russia is significantly increasing Bitcoin usage in foreign trade to bypass Western sanctions. The recent legislative changes support this direction, allowing cryptocurrencies like Bitcoin for international payments.
Trade difficulties with nations such as China have prompted Russia’s strategic shift toward cryptocurrencies. This move reflects the need for adaptable solutions in international transactions amid the evolving regulatory landscape.
Siluanov emphasized that digital financial assets like Bitcoin will be essential in future trade endeavors. Russia established its regulatory framework for DFAs in September 2024, demonstrating commitment to this new trading approach.
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