Russia Embraces Bitcoin and Crypto for Global Trade to Counter

In a bold move, Russia has legalized Bitcoin and other cryptocurrencies for international trade

[{"selector":"#anim-c61e31cf-08b6-475c-aed4-74a9ea082d52","keyframes":{"transform":["translate3d(-132.27091%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-335424c0-4e3d-416f-b102-df0123357836","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52ed6d9d-a965-43d4-b275-3b86e4dccd5c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

This decision aims to bypass international sanctions and reduce dependency on the US dollar

[{"selector":"#anim-4d8c5c76-02ff-46f9-af3f-eb99b3457c80","keyframes":{"transform":["translate3d(-128.03031%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7f2aa10-d1fc-481d-b26c-de3b63f4af8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42f6bd4f-746c-42c8-9f5e-31d45b3173ae","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The new policy, effective immediately, allows Russian businesses to use Bitcoin for global transactions

[{"selector":"#anim-a2fe0e09-6283-4068-a5a1-21573f98e525","keyframes":{"transform":["translate3d(-127.06767%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0426e456-b978-4cb3-a8b7-11a40f9708c3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1096eeac-009f-4546-8fcd-e7ba42923af2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Officials believe this will help stabilize the economy amidst ongoing sanctions

[{"selector":"#anim-ff9ebc85-430d-4ef7-b780-3eed0da95685","keyframes":{"transform":["translate3d(-135.83334%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fea1afdb-b795-42c3-aef0-a4a02eb05912","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5d61ede-7599-4032-b7c7-20180974fc73","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Russia's embrace of crypto marks a significant shift in global financial strategies

[{"selector":"#anim-a5369965-560a-4a89-aa53-ddf73c9fed6d","keyframes":{"transform":["translate3d(-124.72727%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c29fc9de-f26a-4537-90ae-fc8a0ea2eb94","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04219157-9f07-48ff-be2e-b932d17c79d7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]