đ¨ Crypto News Flash! đ¨
El Salvador has proposed using Bitcoin (BTC) for trade with Russia to navigate financial constraints imposed by sanctions, according to Russian embassy official Alexander Ilyukhin. Despite Russia banning crypto as legal tender in early 2021, El Salvador suggests BTC as an alternative for cross-border trade.
Key Points:
- El Salvador first adopted BTC as legal tender in 2021.
- Russia faces challenges trading with El Salvador due to sanctions.
- Legislative changes in Russia could permit digital assets for international trade.
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