Russia eyes the use of crypto for international settlements to mitigate the impact of sanctions

Russia is reportedly mulling on the possibility of using cryptos such as Bitcoin (BTC) and Ethereum (ETH) for international settlements as the country faces restrictions due to Western sanctions for its invasion of Ukraine. A high-ranking official said that crypto could be used in barter deals for foreign partners if it is recognized as property. Ivan Chebeskov, director of the Ministry of Finances Financial Policy Department, said that the ministry is considering the use of cryptos in international payments, according to Bitcoin.com. The official said that using digital currencies for…

source: https://tokenpost.com/Russia-eyes-the-use-of-crypto-for-international-settlements-to-mitigate-the-impact-of-sanctions-9626

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