The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender.Crypto Payments Not for Russian State Settlements, Ministry of Finance Says
Cryptocurrency payments, in terms of international transactions, are seen by the authorities in Moscow as an alternative option for small private business contracts, but this will not affect Russian oil deliveries. The clarification was made by the head of the finance ministry’s Financial Policy Department, Ivan Chebeskov, who recently spoke with reporters on the matter.
The ministry proposes to employ cryptocurrency as an asset, not as a means of payment, the high-ranking official remarked....
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