$BTC $Russian Finance Minister Anton Siluanov announced on Wednesday that Russia has begun adopting digital currencies, including Bitcoin, as a means of international payments, in a move aimed at countering Western sanctions.

He stressed that recent legislative amendments have enabled Russian companies to use these new financial instruments legally.

Siluanov explained during a local television interview that Russia is relying in particular on domestically produced Bitcoin as part of a pilot system aimed at boosting foreign trade transactions.

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