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Russian Finance Minister Anton Siluanov said that Russian companies are currently using BTC for international trade, and Putin also supports this move. As China and Turkey face secondary sanctions from the United States, Moscow is considering using cryptocurrencies as a solution. Putin has unabashedly accused the United States of politicizing the dollar and has maintained that bitcoin cannot be stopped. Russia's shift to cryptocurrencies is reshaping trade and global finance.
Russian companies have started using bitcoin and other digital currencies in Global Payments after legislative changes to allow them in response to Western sanctions, Russian Finance Minister Anton Siluanov said on Wednesday. This year, Russia allowed the use of cryptocurrencies in foreign trade and has taken steps to legalize the mining of cryptocurrencies, including bitcoin. Russia is one of the leading countries in the world for bitcoin mining. Siluanov said: "Such transactions...
The representative of the Russian State Duma, Anton Tkayev, has proposed to Finance Minister Anton Siluanov the establishment of a strategic bitcoin reserve to counter financial risks posed by geopolitical instability.
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