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#Bitcoin becomes Russia's international payment tool
Russia is ramping up the use of $BTC as an international payment solution to cope with a series of economic sanctions from the West. This move helps Russia maintain trade transactions and opens up new avenues for the global financial system.
Russian Finance Minister, Anton Siluanov, stated that businesses in the country have begun to adopt Bitcoin along with other cryptocurrencies for international payments. He affirmed that this is part of a pilot program, with Bitcoin sourced directly mined in Russia. "We expect to scale this form in the future," he said on Russia 24 television channel.
In the context of being excluded from the SWIFT payment system and having hundreds of billions of USD assets frozen, Russia is striving to find alternative solutions to maintain trade operations. The government has adjusted its laws to legalize the use of cryptocurrencies in international transactions and is moving towards legalizing cryptocurrency mining activities.
Russia is currently one of the leading countries in Bitcoin mining, providing a solid foundation for its new financial strategy. Deputy Chairman of the State Duma, Anton Tkachev, even proposed the establishment of a national bitcoin reserve fund to reduce dependence on the USD and the SWIFT system, while also diversifying reserve assets.
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Russia is ramping up the use of $BTC as an international payment solution to cope with a series of economic sanctions from the West. This move helps Russia maintain trade transactions and opens up new avenues for the global financial system.
Russian Finance Minister, Anton Siluanov, stated that businesses in the country have begun to adopt Bitcoin along with other cryptocurrencies for international payments. He affirmed that this is part of a pilot program, with Bitcoin sourced directly mined in Russia. "We expect to scale this form in the future," he said on Russia 24 television channel.
In the context of being excluded from the SWIFT payment system and having hundreds of billions of USD assets frozen, Russia is striving to find alternative solutions to maintain trade operations. The government has adjusted its laws to legalize the use of cryptocurrencies in international transactions and is moving towards legalizing cryptocurrency mining activities.
Russia is currently one of the leading countries in Bitcoin mining, providing a solid foundation for its new financial strategy. Deputy Chairman of the State Duma, Anton Tkachev, even proposed the establishment of a national bitcoin reserve fund to reduce dependence on the USD and the SWIFT system, while also diversifying reserve assets.
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A Bitcoin wallet worth $3 million suddenly becomes active after 13 years of “hibernation”
According to data from BitInfoChart, a#Bitcoinwallet address believed to belong to a "whale" has suddenly become active again after 13 years of no transactions. Notably, this wallet address currently holds more than $3 million worth of Bitcoin, equivalent to 59.72 BTC, purchased between November 2011 and December 2012, when Bitcoin's price fluctuated around $2-3.
This wallet address purchased a large amount of Bitcoin at a time when the digital asset was not yet widely popular and was only of interest to a small group of venture capitalists.
This wallet address purchased a large amount of Bitcoin at a time when the digital asset was not yet widely popular and was only of interest to a small group of venture capitalists.
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Bitcoin creator Satoshi Nakamoto's identity is about to be revealed?
It's unclear when the world will stop wondering about the identity of Bitcoin's creator, Satoshi Nakamoto, but it looks like next week we could be one step closer to solving the mystery. Rumors of Satoshi's imminent "unmasking" have been stirring up the crypto and tech communities, as an upcoming HBO documentary is said to reveal the man behind the financial revolution known as Bitcoin.
The film, produced by Emmy-nominated filmmaker Cullen Hoback, is set to hit the big screen with a bombshell that could change the entire cryptocurrency market. Everyone is waiting to see how the true identity of the creator of this popular cryptocurrency will be revealed.
Will the upcoming film actually bring us closer to the truth, or will it just deepen the mystery? Only time will tell, but it is certain that in the coming days, the tech and financial communities will continue to watch every move and wait for the truth to be revealed.
#satoshiNakamato #shortlink #bitcoin
It's unclear when the world will stop wondering about the identity of Bitcoin's creator, Satoshi Nakamoto, but it looks like next week we could be one step closer to solving the mystery. Rumors of Satoshi's imminent "unmasking" have been stirring up the crypto and tech communities, as an upcoming HBO documentary is said to reveal the man behind the financial revolution known as Bitcoin.
The film, produced by Emmy-nominated filmmaker Cullen Hoback, is set to hit the big screen with a bombshell that could change the entire cryptocurrency market. Everyone is waiting to see how the true identity of the creator of this popular cryptocurrency will be revealed.
Will the upcoming film actually bring us closer to the truth, or will it just deepen the mystery? Only time will tell, but it is certain that in the coming days, the tech and financial communities will continue to watch every move and wait for the truth to be revealed.
#satoshiNakamato #shortlink #bitcoin
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Looks like Binance is experiencing a sudden spike in traffic, causing some glitches, right everyone?
#binance #shortlink
#binance #shortlink