Russia and Ukraine War

Russian officials approve use of crypto for cross-border payments: Report

Deputy Finance Minister Alexei Moiseev said the policy describes “how to acquire cryptocurrency, what can be done with it” and its use in cross-border settlements. NEWS   The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies. According to a Thursday report from the Russia-based …

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Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency …

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Bitcoin booms as the rouble tumbles: What role is crypto playing in the Ukraine war?

Bitcoin booms as the rouble tumbles: What role is crypto playing in the Ukraine war?

While Russia’s rouble is buckling under sanctions, Bitcoin and other digital currencies are rising, stoking speculation that their use could help Moscow bypass the West’s economic blockade. Russia’s invasion of Ukraine has sparked a slew of economic sanctions from governments around the world, sending the Russian currency plunging to record lows and raising the spectre …

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