Russian firms turn to Bitcoin, stablecoins for global trade amid sanctions

Russia is actively using Bitcoin and other cryptocurrencies to counteract the impact of Western sanctions on its economy, Reuters reported on Dec. 25. The report cited Finance Minister Anton Siluanov, who recently stated that Russian companies have begun to utilize digital currencies, particularly Bitcoin mined within the country, for international transactions. He reportedly said: “As part... source: https://cryptoslate.com/russian-firms-turn-to-bitcoin-stablecoins-for-global-trade-amid-sanctions/