Russia One Step Closer To Using Bitcoin, Crypto In International Trade as Central Bank, Finance Ministry Agree On Draft Bill

Bitcoin Magazine

The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass.

The bill “as a whole writes out how cryptocurrency can be purchased, what can be done with it, and how cross-border settlements can or cannot be made,” said Deputy Finance Minister Alexei Moiseev.

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The agreement follows a previous report in which Moiseev stated it was impossible for Russia to conduct international trade without the use of bitcoin and cryptocurrencies due to current circumstances concerning sanctions.

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