The Russian government and central bank have successfully tested the digital ruble for budget settlements, marking a significant step in CBDC implementation.
Russia embraces Bitcoin for global trade! Finance Minister reveals domestic firms using BTC for international payments.
Russia is turning to Bitcoin for foreign trade to bypass Western sanctions. Legal changes allow crypto mining and transactions in foreign exchange, positioning Russia as a major Bitcoin mining player.
Russia is turning to Bitcoin to dodge Western sanctions, marking a significant move toward digital currencies. This could change global power dynamics as Russia aims to break free from economic isolation.
Russia's making waves by integrating Bitcoin into its economic strategy. Finance Minister Anton Siluanov says Russian businesses are using Bitcoin for international trade after legal changes. Big shift!
Russia turns to Bitcoin for trade amidst sanctions, adjusting crypto regulations for cross-border payments. Finance Minister Siluanov and President Putin highlight Bitcoin as a financial alternative. Mining and taxation laws shift to facilitate usage while addressing energy concerns.
Russia considers Bitcoin for international trade, confirms Finance Minister Anton Siluanov. The move is part of a broader economic strategy involving digital financial assets.
Russia begins using Bitcoin for foreign trade, says Finance Minister Anton Siluanov.
Russia's using Bitcoin for global trades due to sanctions, says Finance Minister Anton Siluanov. A strategic move reshaping cryptocurrency laws.
Russia's embracing Bitcoin for international trade, confirming its use despite a complex relationship. Finance Minister Anton Siluanov highlights BTC's role in payments according to Reuters.
Anton Tkachev of Russia's New People party suggests adding Bitcoin as a reserve currency to enhance financial stability. He urges Finance Minister Anton Siluanov to consider Bitcoin alongside traditional currencies like the dollar, euro, and yuan.
Russia proposes creating a Bitcoin reserve for financial security, suggested by State Duma Deputy Anton Tkachev to the Finance Minister.
Russian State Duma deputy Anton Tkachev proposes a Strategic Bitcoin Reserve to the Minister of Finance, aiming to create a Bitcoin reserve similar to traditional currency reserves.
A Russian State Duma deputy proposes creating a strategic Bitcoin reserve, urging the government to consider it as an alternative to traditional currency reserves, which face inflation and sanctions risks.
Russian Finance Minister Siluanov sees cryptocurrency as unsuitable for savings due to volatility but valuable for foreign trade, bypassing bank restrictions and sanctions.
Russia's foreign trade is defying Western sanctions with increased imports and robust transaction systems, leading to economic growth surpassing stagnant Western economies.
Russia's Finance Minister, Anton Siluanov, outlines the use of cryptocurrency, emphasizing international settlements following the legalization of mining.
Russian Finance Minister Anton Siluanov highlights cryptocurrencies as effective for external settlements amidst sanctions, noting their use in current international trade and mining potential. He cautions against seeking quick profits due to their high-risk nature.
The BRICS payment system, discussed by Russian Finance Minister Anton Siluanov at a Kazan summit, aims to integrate digital financial assets and facilitate financial messaging. It is positioned as a potential alternative to the SWIFT network, suggesting it may utilize digital assets as currencies within the network.
Russia has legalized cryptocurrencies for settlements with friendly countries, aiming to strengthen economic ties and bypass sanctions.
The Russian Ministry of Finance does not expect significant revenues from cryptocurrency mining soon, as legislative tax measures are needed. Finance Minister Anton Siluanov expressed this view, highlighting the status of cryptocurrencies as legal payment with friendly nations.
Russian Finance Minister Anton Siluanov claims that Western policies are damaging the U.S. dollar’s role as a reserve currency, with BRICS exploring digital financial alternatives.
BRICS nations are projected to achieve 4.4% economic growth in 2024-2025, significantly outpacing the G7's 1.7%. Russian Finance Minister Anton Siluanov underscores the bloc's increasing global GDP share and the addition of countries like Saudi Arabia and Iran.
Russia will start crypto payment trials on September 1 to counteract international sanctions.
Russian Finance Minister discloses that over 90% of bilateral trade with China is settled using national currencies (rubles and yuan) rather than the U.S. dollar.