Minister Siluanov announced the move following changes to the law allowing Russian companies to use digital currencies to combat Western sanctions, according to Reuters.
Russian President Vladimir Putin recently said that no one in the world can manage Bitcoin
Embargoes from the West have complicated Russia’s trade activities with major partners such as China or Türkiye, because banks in these two countries are extremely cautious with transactions related to Russia. to avoid the supervision of Western regulatory agencies.
This year, Russia allowed the use of digital currencies in foreign trade and has taken steps to legalize mining them, including Bitcoin. Russia is one of the global leaders in Bitcoin mining.
“As part of the testing regime, it will be possible to use Bitcoin, which we mined in Russia,” Minister Siluanov told Russia’s Russia 24 TV channel about the use of Bitcoin in commercial transactions. foreign.
Mr. Putin challenged the West to a ‘technological duel’ with the Oreshnik missile
“Such transactions have taken place. We believe that such transactions should be expanded and developed further. I believe this will happen next year,” Mr. Siluanov said and predicted the payment. International payments using digital currencies will develop in the future.
This month, Russian President Vladimir Putin said that the current US administration is weakening the USD’s role as a reserve currency by using it for political purposes, forcing many countries to switch to other countries. replacement assets.
Mr. Putin used Bitcoin as an example of assets that could replace the USD, arguing that no one in this world can manage Bitcoin. Mr. Putin’s statement shows that the Russian leader supports the widespread use of digital currencies, according to Reuters.
