Russia is exploring the use of cryptocurrencies for international trade as a way to circumvent economic sanctions and reduce reliance on the U.S. dollar.
The Russian government has been in discussions with several countries about settling payments using Bitcoin and other digital currencies, particularly for oil, gas, and other exports.
While Russia’s central bank has traditionally been skeptical of cryptocurrencies, recent geopolitical tensions have led to a more favorable stance on their potential use in foreign trade.
Analysts believe that the adoption of cryptocurrencies could provide Russia with greater financial flexibility, although it raises questions about regulatory oversight and the long-term impact on global crypto markets.
