Putin bypasses sanctions: Russia now relies on Bitcoin trading!

Putin bypasses sanctions: Russia now relies on Bitcoin trading!

Russia is turning up the heat! In a bold move, the Russian government has decided to use Bitcoin to circumvent strict Western sanctions. Finance Minister Anton Siluanov dropped the bombshell during a TV interview: Russia is now using cryptocurrencies for international payments, backed by a brand new law. The Kremlin recently created an experimental legal framework for crypto miners, allowing select companies to trade cryptocurrencies. Russia is putting Bitcoin on a new pedestal as an alternative to traditional fiat currency, joining a BRICS trend. More on this, see the report on watcher.guru.

This game-changer also opens doors for Russian energy giants, who can now sell electricity to a growing and crypto-hungry mining community at home. While not all of Russia's trading partners are on board with this crypto leap, it is a huge step forward in the region. And things are getting even more exciting in the world of de-dollarization: While Russia hopes to eclipse the US dollar, Bitcoin continues to grow in popularity. On top of that, the Russian government is already planning a Bitcoin reserve, a move that could potentially soon challenge the policies of President-elect Donald Trump. A ride on the razor's edge: support for Bitcoin could lead to conflicts with the dominance of the US dollar in the future.