According to BlockBeats, on December 25, Russian Finance Minister Anton Siluanov stated on Wednesday that Russian companies have started using Bitcoin and other digital currencies in international payments, which is a result of legislative changes allowing such use in response to Western sanctions.
This year, Russia has allowed the use of cryptocurrencies in foreign trade and has taken measures to legalize cryptocurrency mining (including Bitcoin). Russia is one of the global leaders in Bitcoin mining. Siluanov stated in an interview with Russia 24 television: 'As part of the experimental system, Bitcoin mined in Russia can be used in foreign trade transactions.'
Russian legislator Anton Tkachev, in a formal appeal to Anton Siluanov, suggested establishing a Bitcoin reserve similar to traditional foreign exchange reserves. He believes that cryptocurrencies have a unique advantage in mitigating risks related to sanctions, inflation, and currency fluctuations. (Jin Shi)
