during an interview in it Russia-24 channel on December 25, Minister of Finance Anton Siluanov explained that Russia had approved laws to allow the use of digital financial assets (DFA) in foreign trade.
This includes Bitcoin
btc
$95,377.76
According to the minister, Digital financial assets align well with modern trading infrastructure. and represent the future of international agreements.
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The legal framework that allows this change came into force in September 2024. It allows Russia will use DFA and Bitcoin for payments in global tradeincluding Bitcoin mined within the country.
Siluanov noted:
We can pay for the delivery of goods with digital financial assets. It is also possible to use Bitcoin, which we mine here in the Russian Federation, within the framework of the experimental regime.
Siluanov shared that These transactions are already happeningwith plans to expand them in the future. He described the decision as an alternative to depending on the US dollarparticularly given the current global economic challenges.
Russia too Cryptocurrency mining legalized earlier this year.creating a basis for this type of transactions.
the finance minister expressed confidence that this approach will grow over the next yearstating that “we say that they must be developed and expanded, and I am sure that next year it will be a reality.”
As Russia takes steps to incorporate Bitcoin into its foreign trade, Hong Kong’s ZA Bank recently manufactured Bitcoin and Ethereum.
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$3,358.96
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