Russian Finance Minister Anton Siluanov announced that local companies have started using Bitcoin and other digital assets for international payments. This has been made possible by legal regulations aimed at offsetting Western sanctions. 🇷🇺
Putin supported Bitcoin as an alternative, while noting that the use of the US dollar as a tool for political pressure has weakened its role as a reserve currency. This has led many countries to seek alternative assets. 💡
Russia has increased its efforts to legalize mining activities while authorizing the use of cryptocurrencies in foreign trade. However, pressure on illegal crypto mining has also intensified. An unregistered operation operating with more than 200 ASIC devices has been shut down in the Irkutsk region.