menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

Russia’s f...
source image

Siliconangle

1w

read

173

img
dot

Image Credit: Siliconangle

Russia’s finance minister reveals bitcoin is being used to conduct foreign trade

  • Russia's finance minister revealed that domestic companies are using bitcoin and other digital currencies for international payments.
  • The country implemented legislative changes to allow the use of crypto as a means to bypass sanctions.
  • Cryptocurrencies have become a viable alternative for Russian companies to conduct international trade without relying on the US dollar or traditional banking systems.
  • Russian companies have already made foreign transactions using bitcoin, and the country plans to further develop digital payments next year.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app