Russia is diving into digital financial assets (DFAs) for foreign trade, according to Finance Minister Anton Siluanov. In a recent interview, Siluanov highlighted the country's legislative support for using DFAs and Bitcoin as alternatives to the US dollar. This move aims to modernize Russia's trade infrastructure, with Bitcoin mined locally being part of the strategy. Despite this innovation, Siluanov recently advised against investing in cryptocurrencies, noting their volatility as Bitcoin hit record highs. Russia's experimental legal regime for DFAs began in September 2024, paving the way for these developments.
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