Russian Companies Using Bitcoin For International Payments To Evade Sanctions – Report

Quick Summary:

Recent reports revealed that Russian companies have begun using Bitcoin and other digital assets in international trade to bypass sanctions.

The country’s Finance Minister also shared the government’s plan to expand its crypto use as an alternative for international payment.

Russian companies, exchanges, and crypto entities can apply to the central bank to join the experimental regime.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: HungaryChinaIndiaTurkeyUkraineUnited Arab Emirates

Topics: Btc Crypto mining ban Central Bank of Russia Russia crypto mining Russian authorities Crypto News Crypto mining Vladimir putin Bitcoin Russia BTCUSDT Bitcoin Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 06:30:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24686764

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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