Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions

Quick Summary:

A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework.

Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: JapanChina

Topics: Blockchain Military Banking Cryptocurrency Russia Electronics Foreign trade State Duma Featured Trade Sanctions Digital Currencies Yuri Brisov

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 02:30:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

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

Copyright Owner: © Bitcoin News

News ID: 22763111

View Article Analysis

About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 14 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

Publisher Details

Frequently Asked Questions