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.

Highlighting alternatives to the US dollar, Siluanov discussed legislation that has been passed allowing foreign trades in DFAs and Bitcoin, indicating a significant shift in Russia’s approach to global trade and economic strategy. According to Siluanov ...

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