Russia has started utilizing Bitcoin to circumvent Western sanctions, according to Finance Minister Anton Siluanov. In a recent television interview, Siluanov confirmed that the country is now leveraging cryptocurrency for international transactions under a newly enacted law.
Last month, the Kremlin introduced an experimental legal framework for cryptocurrency miners, which includes a provision allowing authorized entities to use digital currencies for international trade. Russia, along with other BRICS nations, is increasingly adopting cryptocurrencies, with Bitcoin playing a prominent role. Additionally, the country has embraced the digital ruble, positioning Bitcoin as a viable alternative to traditional fiat currencies.
