Putin is really bold!

• Russian Finance Minister's statement: Russian Finance Minister Anton Siluanov said that Russian companies have begun to use Bitcoin and other digital currencies in international payments. The Russian government has revised the law to allow the use of cryptocurrencies in foreign trade and legalize cryptocurrency mining.

• Responding to Western sanctions: Russia's move is to respond to the financial pressure brought by Western sanctions. Western sanctions have complicated Russia's transactions with its major trading partners, and local banks are very cautious about transactions involving Russia to avoid scrutiny by Western regulators.

• Legal revisions: Russia has relaxed restrictions on cryptocurrencies this year, not only allowing the use of cryptocurrencies in foreign trade, but also legalizing cryptocurrency mining. Previously, Russia had proposed a complete ban on cryptocurrencies, believing that such assets could undermine the stability of financial markets.

• Putin's support: Russian President Vladimir Putin said that the current US government's use of the US dollar for political purposes has weakened the dollar's status as a reserve currency and forced many countries to turn to other assets. Putin cited Bitcoin as an example, saying that no one in the world can regulate Bitcoin, indicating that he supports the widespread use of cryptocurrencies.

• Legalization of mining:

On August 8, 2024, Russian President Vladimir Putin signed a law legalizing cryptocurrency mining in Russia. The law introduces new concepts, including digital currency mining, mining pools, mining infrastructure operators, etc., and stipulates that only registered Russian legal entities and individual entrepreneurs are entitled to mine.

• The future of international payments:

Siluanov said that the use of digital currencies for international payments represents the future direction of development, and Russia plans to further develop and expand such transactions.

In summary, Russia, under the pressure of Western sanctions, has begun to use Bitcoin and other digital currencies in international payments, and has amended the law to support this practice, which shows that Russia is seeking to reduce its dependence on the US dollar and explore new international payment methods.

Family members: If you like my consultation, please give me a follow and like, thank you!#2025加密趋势预测 #普京