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Russia Mulls Cryptocurrency For International Trade: Report

Russia’s Ministry of Finance is contemplating permitting using cryptocurrencies for worldwide commerce, native information outlet Interfax reported on Friday.

“The issue of using such digital currencies as barter transactions for international settlements is being actively discussed,” mentioned Ivan Chebeskov, director of the monetary coverage division of the Ministry of Finance, per the report.

Russian officers have teased at this risk a few occasions this 12 months.

In March, the chairman of the nation’s Congressional power committee, Pavel Zavalny, mentioned in a press convention that Russia was open to accepting bitcoin for its pure assets exports. Zavalny defined that solely “friendly” international locations like China and Turkey could be given the choice, as President Vladimir Putin had mentioned the day before that “unfriendly” international locations ought to pay for Russian gasoline in rubles.

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